A Chinese bought the Musical.ly for $1 . The company will be the Chinese site to be a global . Musical.ly has 60 million monthly . People can record and share videos of lip-syncing to songs. They can edit the videos, make faces, and change the video .
Musical.ly will be . Young people will share on mobile phones. The company wants Musical.ly to help it create an "global ". Its creators and will enter new . The company also owns a popular app, called Today's Headlines. This has 120 daily users.