A view of the headquarters of Bytedance in Beijing in December 2018 Photo: IC

Chinese tech firm ByteDance has begun investing in real-time audio and video streaming through an investment in TrackView, which offers online video-conferencing and other services, dismissing fresh rumors about the company investing in mobile security.

Liangzi Yuedong Technology, one of ByteDance's subsidiaries based in Beijing, has launched an investment in Suzhou TrackView Technology, which is based in Suzhou, East China's Jiangsu Province, a spokesperson for ByteDance told the Global Times on Tuesday.

Liangzi Yuedong Technology has recently taken a minority stake in Suzhou TrackView Technology, the spokesperson said.

"The real-time audio and video streaming technology behind TeamLink, the company's flagship video-conferencing product, is potentially applicable in live-streaming and online education use cases," the spokesperson said.

Liangzi Yuedong Tech will not participate in the company's management or operations, she noted.

As a provider of comprehensive services in social media and new media, it is reasonable for ByteDance to keep expanding its businesses in various sectors, especially to obtain businesses that could form synergistic effects with its current operations, Liu Dingding, an independent analyst in the internet sector, told the Global Times.

ByteDance is an internet technology company founded in Beijing in 2012. It launched popular products including the online content platform Toutiao and the short video platform Tik Tok.

Its products and services are now available in 150 countries and regions, and in 75 languages, according to ByteDance's website.

It is a common trend for Chinese tech firms to lay out operations or investments in different areas in both domestic and overseas markets, Liu noted.

Chinese tech giant Tencent has launched over 100 investments overseas, and its game business alone covers 200 countries and regions, according to a report by stcn.com on November 26.

Global Times