YouTube is working on a TikTok competitor called 'Shorts'

TikTok, which recently hit 41 million daily active users outside of China, may soon have some real competition on its hands.
YouTube is currently working on a new feature called Shorts, which aims to rival TikTok, according to The Information.
Shorts will exist inside the YouTube mobile app as a feature, states the report, and not as a stand-alone product. 
Lip sync videos are incredibly popular on TikTok, largely aided by the editing tools the app includes to help facilitate their creation