The app is a streamlined tool for making videos - especially with effects popular on TikTok, the social platform also owned by ByteDance. Since launching outside China in 2020, CapCut has picked up more than 300 million monthly mobile active users and commands 81 per cent of the total active users for mobile video editing, according to market intelligence firm Sensor Tower.
That sudden dominance is tough news for Adobe, the longtime leader in desktop creative software. Its investors have worried that users would leave behind complicated professional-oriented applications like Photoshop for simplified tools made by startups like Canva or, more recently, OpenAI.
Denne historien er fra July 30, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 30, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Laxmi Dental gains over 28% on debut
The stock of Laxmi Dental posted a value jump of nearly 30 per cent during its trading debut on Monday.
Hedge fund managers keep nearly half of profit as fees
Hedge funds have long been regarded as notoriously expensive. New research reveals just how costly they truly are for their clients.
NCLT orders liquidation of Go First
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of low-cost carrier Go First on the request of its Committee of Creditors (CoC), thus bringing an end to the 20-month-long insolvency proceedings.
The automotive frontier
India needs investment in the EV segment
Anatomy of a regulator
Regulatory bodies are important institutions in a market economy, requiring careful handling
Joining the dots on infrastructure
Pratap Padode is a financial journalist and publisher of Construction Update, a magazine launched in 1996, followed by Infrastructure Today, Power Today and Project Reporter.
The need of the hour is a 'Dream Budget'
In less than two weeks, the finance minister will present the Union Budget for 2025-26.
Focus on Davos
States must improve ease of doing business
Clarity needed on Rodtep scheme extension for EOU/SEZ/AA exports
We had supplied our manufactured goods to a merchant exporter on payment of 0.1 per cent IGST under the notification 41/2017-IT(Rate) dated 13th October 2017.
'Lodha' brand triggers tussle amid brothers
Abhishek Lodha has approached the Bombay HC seeking to stop Abhinandan from using the name