TikTok Revenue and Usage Statistics (2020)

Tweet8Share568ShareTikTok, known as Douyin in its home market, was launched in China in September 2016. It was pushed out globally as TikTok the following year. The TikTok app allows users to create 15 second videos, soundtracked by music clips. Sounds simple enough, but it’s a wildly popular concept. Depending on who you ask, the app was the world’s second-most or fourth-most downloaded non-gaming app of 2019 (only behind various Facebook entities in either case). TikTok/Douyin parent company ByteDance also owns hugely popular Chinese AI-powered news aggregation platform Toutiao, created by CEO Zhang Yiming at the age of 29 in 2012. Notably, he was not backed by either Alibaba or Tencent. TikTok has succeeded where the latter failed with WeChat – success beyond China. This was … Continue reading TikTok Revenue and Usage Statistics (2020)