TikTok has been flourishing globally but it is also facing a lot of hurdles in recent times. However, if there is something TikTok has done, it gave a lot of developers a good business idea. Many apps in different parts of the world are using TikTok’s ideas. However, the Chinese short video app is still doing well especially in terms of revenue and downloads. A recent report shows that the Russian version of TikTok will be coming soon.
According to reports, the transcontinental already have an advance plan in place to launch this app. Russia’s top media house run by state-owned energy giant, Gazprom, will release a short video sharing application. The operation and features of this app will be similar to TikTok. A Russian organization, Innopraktika foundation, is also part of the development of this app. Interestingly, this organization is run by Vladimir Putin’s “daughter”, Katerina Tikhonova.
According to Gazprom CEO, Alexander Zharov, the development of the app is going on smoothly. He also confirmed the involvement of Innopraktika foundation in the development of this app. Gazprom purchased a service called “Ya Molodets” which means “I am great”. Gazprom-Media will “use the project’s software to speed up the creation of a new video service for Russian bloggers,”
According to Zharov, the Russian version of TikTok will be officially available within two years. It will support short vertical videos, similar to ByteDance’s TikTok. Furthermore, this app has been in development for some time. Zharov said it has been in development for “about a year to modernize it and make it no worse than YouTube in terms of tools.”
Samsung dethrones Huawei in the Russian Smartphone market
The market of smartphones has been quite unprecedented in 2020 due to the COVID-19 pandemic. Companies suffered great losses in the first six months of the year but started to recover after a very expressive Q3 2020. Now, companies are fighting to keep this wave in the last quarter of the year with new smartphone launches. Huawei has been one of the companies suffering greater losses in 2020, however, this is not only due to the pandemic. It has more to do with the crescent assaults from the US government on its software and hardware front. The company has been in a downhill spiral but managed to keep the lead of the Russian smartphone market… Until now. According to information from Counterpoint Research, Samsung has overcome Huawei during the end of Q3 2020 and became the leader of the Russian smartphone market. Huawei occupied the place during the previous quarter, however, due to many reasons like the shortage of supply, the situation has changed and now Samsung occupies the first place.