Bytedance Reportedly Buys Pico for 5 Billion Yuan
TikTok’s parent company Bytedance is rumored to have invested 5 billion yuan ($771 million) in acquiring Chinese VR hardware maker Pico.
In a potentially related development, TikTok recently launched its Effect Studio feature, an AR development platform that allows developers to build AR effect filters for short videos on the platform.
Pico…