TikTok has taken the world by storm in recent years. It has become one of the most popular social media platforms, with users from all over the world.
But who owns TikTok?
TikTok is owned by Bytedance, a Chinese technology company founded in 2012. It is based in Beijing and has offices in San Francisco, Los Angeles, Tokyo, Seoul, Jakarta and other cities around the world. Bytedance is also the parent company of Toutiao, a Chinese news aggregator app.
Bytedance was founded by Zhang Yiming and initially focused on artificial intelligence and personalized content recommendation algorithms. It quickly became one of China’s largest and most successful tech companies.
In 2017, it acquired Musical.ly (which later became TikTok) for $1 billion. Since then, Bytedance has invested heavily in TikTok’s growth and development.
Since its acquisition by Bytedance, TikTok has grown exponentially in popularity and now boasts more than 800 million monthly active users worldwide. It is also one of the most downloaded apps on both iOS and Android devices.
Conclusion:
TikTok is owned by Bytedance, a Chinese technology company based in Beijing. Bytedance acquired Musical.ly (which later became TikTok) for $1 billion in 2017 and since then has invested heavily in developing the platform into one of the most popular social media platforms with more than 800 million monthly active users worldwide.