TikTok’s parent ByteDance turns its attention to search business

TikTok’s parent ByteDance turns its attention to search business

The logo of TikTok application is seen on a screen in this picture illustration taken February 21, 2019. REUTERS/Danish Siddiqui/Illustration

When Google pulled out of the China market in 2010, it left local leader Baidu Inc. a de facto monopoly in the lucrative internet search business. Now that franchise is facing its most ominous threat yet.