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Reddit to Buy TikTok Rival Dubsmash in New Video Push (The Information)
![China-based Zilliz, which builds open source software for processing unstructured data, raises $43M Series B led by Hillhouse Capital (Rita Liao/TechCrunch)](https://ournewsfortoday.com/wp-content/uploads/2020/11/China-based-Zilliz-which-builds-open-source-software-for-processing-unstructured.png)
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The Information:
Reddit to Buy TikTok Rival Dubsmash in New Video Push — Reddit, the 15-year-old online news aggregator and discussion forum, has agreed to buy lip-syncing video app Dubsmash, one of the few remaining startups to rival TikTok, according to two people with direct knowledge of the deal.
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