Company - Vigo Video (Formerly Hypstar)
(a wholly-owned by ByteDance, china)
founder-
Industries - mobile technology
Type of Work - social network application using which you could create short videos.
Founded Date - 2017
Closed Date - 2020
Location -(china and later global lunch and operation web base)
Funding - back by bitednce
Business Status - Fail in 2020
Reason of Failure - legal and political issue from various country
(India govt. ban all Chinese apps due to national security and data security) and the app face legal problem from other countries also like-Brazil and the Middle East
After failure pivot or next plan-
parent company bitedance redirect all user of vigo vedio user in to tiktok or other app.
late on the parent company's app tiktok also ban in india.
over all vigo vedio shot down globally .
Note-
bad political environment.