AdvertisementChinese Firm Buying Lip-Sync App Musical.ly For Up To $1 BillionNovember 10, 2017Andrew FlanaganfacebookEmailMusical.ly, which is based in Shanghai, is being acquired by Bytedance, an artificial intelligence-focused Chinese technology company. In the foreground, the mascot for Live.ly, a live-streaming app. (Bloomberg via Getty Images)