Who Is TikTok Owned By?

TikTok is a social media platform that has recently taken the world by storm. Developed in 2016, it has become one of the most popular social networks for people to share short-form videos, jokes, and other content. But who owns this popular app?

TikTok is owned by the Chinese company ByteDance.

It was founded in 2012 by Zhang Yiming, who wanted to create a platform that could deliver relevant content to users based on their interests. The company has since grown to become one of China’s largest tech companies and employs over 30,000 people. ByteDance is also the parent company of Douyin, a Chinese version of TikTok.

ByteDance’s acquisition of Musical.ly was what enabled TikTok to grow into the powerhouse it is today. In August 2018, ByteDance acquired Musical.ly for an estimated $1 billion USD and merged it with their existing Douyin app to create the global version of TikTok that we know today.

Since then, ByteDance has continued to invest heavily in TikTok and its related apps. In 2019 they acquired Flipagram which allowed them to further expand their content library and user base. They have also invested in artificial intelligence technology which helps them better understand user preferences and tailor content accordingly.

TikTok has seen tremendous success since its launch in 2016 and ByteDance appears committed to continuing its growth in the years ahead. Through their investments in artificial intelligence technology, they are well-positioned to remain at the forefront of social media trends.

Conclusion:

TikTok is owned by Chinese tech giant ByteDance which acquired Musical.ly back in 2018 and merged it with their existing Douyin app to create the global version we know today. Since then they have invested heavily in TikTok and related apps as well as AI technology which helps them better understand user preferences so they can continue to be at the forefront of social media trends going forward.