It seems Triller, an American video-sharing social network and entertainment platform is all set to capitalize on TikTok’s problems.
This comes after U.S. President Donald Trump’s administration ordered TikTok’s Chinese parent ByteDance to divest the app.
As TikTok is still in a negotiation with the U.S. government, Triller is all ready to work with investment bank Farvahar Partners and go for a public deal.
Triller is on a fundraising spree and so far obtained around $100 million in that round at a $1.25 billion (959.91 million pounds) valuation, as per a media report.
However, the negotiations or the amount mentioned in the deal are not disclosed by the official companies as they are confidential information.
Earlier this year, Triller already had 65 million monthly active users on its short video app.
Triller has many celebrities using the platform quite often such as Alicia Keys, Cardi B and Eminem.
By Sahana Iyer
