» Au sujet de la campagne, Paul Yang, cofondateur et PDG de Lomotif, a ajouté, « Une idée et une inspiration peuvent surgir de partout.

Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. It subsequently raised $100 million in cash.

ZASH Global Media and Entertainment announced the completion of its acquisition of Lomotif Private Limited Friday morning.

Advertisers will be able to schedule their ad buys across Lomotif's Audience Network which allows Lomotif to monetize social traffic in all parts of the world where it has users.

Lomotif currently has over 31 million monthly active users, Farnsworth said, adding that a $5 billion valuation for the social video platform is conservative.