TikTok is one of the fastest growing social media platforms in the world. It is a Chinese video-sharing app that allows users to create, share, and watch short videos.
It has gained immense popularity among users, especially among teenagers and young adults. The app has been downloaded over 2 billion times worldwide, making it the most downloaded app in 2020.
TikTok is owned by a Chinese company called ByteDance. ByteDance was founded in 2012 by Zhang Yiming and has become one of the world’s most valuable startups. It owns several popular apps, including TikTok, Toutiao (a news aggregator), and Xigua Video (a streaming service).
ByteDance is owned by Zhang Yiming and his family. Zhang Yiming holds a majority stake in the company, with his wife owning a minority stake. The company is estimated to be worth over $100 billion, making it one of the world’s most valuable startups.
TikTok has faced several controversies since its launch due to its ties to China and its potential for censorship and data harvesting. In response to the controversies surrounding TikTok, ByteDance announced plans to spin off the US operations into a separate company called TikTok Global.
Conclusion:
The owner of TikTok is ByteDance – a Chinese company founded in 2012 by Zhang Yiming and his family who hold majority stakes in it. Despite facing numerous controversies due to its ties with China, TikTok remains one of the world’s most popular social media platforms with over 2 billion downloads worldwide.