The TikTok company has said that it was working with a Chinese device manufacturer Smartisan on a phone.
“Reports of our smartphone development strictly refer to a continuation of plans that were in place before ByteDance began working with Smartisan, The product has no connection with TikTok and the focus is on meeting the needs of Smartisan’s existing customer base in China.” ~ ByteDance spokesperson
The hardware details are not yet known, but it is expected to be out soon. TikTok is now very famous in many countrues, ByteDance also makes other softwares but is mostly known only for TikTok. Lets wait and watch how well they develop a phone now.