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TikTok

TikTok

TikTok is a short-form mobile videos app.

OverviewStructured DataIssuesContributors

Contents

tiktok.com
Is a
Product
Product
Organization
Organization
Company
Company

Company attributes

Industry
Social media
Social media
Marketing
Marketing
Advertising
Advertising
Social media marketing
Social media marketing
Social
Social
Location
Seoul
Seoul
Los Angeles
Los Angeles
Culver City, California
Culver City, California
Moscow
Moscow
Mumbai
Mumbai
Tokyo
Tokyo
Beijing
Beijing
B2X
B2B2C
B2B2C
CEO
‌
Shou Zi Chew
Founder
Zhang Yiming
Zhang Yiming
AngelList URL
angel.co/company/tiktok
Pitchbook URL
pitchbook.com/profiles...279877-42
Legal Name
https://pitchbook.com/profiles/company/279877-42
Parent Organization
ByteDance
ByteDance
Number of Employees (Ranges)
10,001+0
Email Address
business-servicesupport@tiktok.com
Number of Employees
1,600
Full Address
5800 Bristol Parkway, Suite 100,Culver City, CA 902300
Investors
Musical.ly
Musical.ly
ByteDance
ByteDance
K3 Ventures
K3 Ventures
Goodwater Capital
Goodwater Capital
DCM Ventures
DCM Ventures
Founded Date
2016
0
Competitors
WeChat
WeChat
Weibo (company)
Weibo (company)
Mastodon (software)
Mastodon (software)
0
Gari
Gari
BeReal.
BeReal.
YouTube Create
YouTube Create
bigolive
bigolive
...
Business Model
Advertising
Glassdoor ID
https://www.glassdoor.com/Reviews/TikTok-Reviews-E2230881.htm
Board of Directors
‌
Nabila Akhter
‌
Omer Sharif Ibney Hai
‌
Rajibul Alam
‌
Asif Ahnaf
CFO
‌
Shou Zi Chew
Former CEO
Kevin Mayer
Kevin Mayer
Vanessa Pappas
Vanessa Pappas
Key People
‌
Shou Zi Chew
‌
Nabila Akhter
‌
Rajibul Alam
Zhang Yiming
Zhang Yiming
Acquisition Transaction
GeoGif
GeoGif
Also Known As
Douyin
NAICS Code
323,111
Motto/Tagline
Real People, Real Videos
Wellfound ID
tiktok
API Documentation URL
developers.tiktok.com
Country
China
China

Product attributes

Product Parent Company
ByteDance
ByteDance

Other attributes

Block Explorer URL
douyin.com
Blog
tiktok.com/discover/...STYLE-BLOG
Company Operating Status
Active
Strategic Partnerships
PIABO PR
PIABO PR
Infinity
Infinity
Invested in
Tundra Esports
Tundra Esports
Partner Organizations
Seerslab
Seerslab
HubSpot
HubSpot
0
Platform
iOS
iOS
Android
Android
Published Date
January 1, 2015
Wikidata ID
Q48938223
Overview

TikTok is a short-form mobile videos app, and the international version of Chinese video app Douyin. Both applications are owned by Chinese company ByteDance. Originally launched in 2016, TikTok gained widespread popularity in the US after it was merged with Musical.ly, a lip-synch video app, in 2018. As of 2021, TikTok has been downloaded in over 150 countries, has over 1 billion users, and has over 200 million downloads in the US alone.Morning Consult ranked TikTok as the third fastest growing brand of 2020, after only Zoom and Peacock. Cloudflare ranked TikTok as the most popular website of 2021, usurping Google.

History

TikTok was created after parent company ByteDance (established in 2012 by Zhang Yiming in Beijing) launched Douyin, a short-form mobile video app, in China in 2016. There, it quickly gained widespread popularity. Later that year, Bytedance launched the international version of Douyin, giving it the new name TikTok. TikTok continued to gain popularity after ByteDance acquired Musical.ly for $1 billion in 2017. The two companies were merged together a year later, in 2018.

A screenshot of the TikTok.com website.

A screenshot of the TikTok.com website.

By late 2018, TikTok's popularity continued to grow after it surpassed Facebook, Instagram, Snapchat, and Youtube in downloads. The app topped 1 billion installs on the App Store and Google Play in early 2019, and surpassed 2 billion downloads a year later in April 2020. In the US, the app is especially popular with teenagers and people in their early twenties (often referred to as Gen Z), who account for 47.4% of active users, according to Statista.

Controversy

TikTok's rise in popularity has not been without controversy, with politicians in the US and abroad raising concerns about data security and censorship.

Data Security

Politicians from the US and abroad have raised concerns about the security of the data that users share with TikTok. While social media platforms routinely collect user data, TikTok collects over fifty different kinds of data from users thirteen and older, including age, username, gender, content of messages, email address, and tracking data of online activity. Critics raise concern about the data privacy of the app, particularly in regards to how much access the Chinese government has to user data in the US and elsewhere. ByteDance itself has said their US and China operations are handled separately, with TikTok offices and servers being based in the US and Singapore and Douyin servers and offices being based in China.

Censorship

TikTok has also been accused of censorship, with critics saying the app hides or removes certain material that may be critical of the Chinese government and its practices. In 2019, the Guardian reported that TikTok moderators were instructed to ban videos that mentioned Tiananmen Square, Tibetan independence, or the banned religious group Falun Gong, and that the app was removing videos referencing the then-ongoing Hong Kong protests. ByteDance responded that the leaked documents the Guardian had access to were old and the policies had not been updated to single out any one specific organization, cause, or region.

Bans and Potential Bans

As a result of this controversy, TikTok has been banned, or has had bans against it proposed, in several major countries around the world. On June 29, 2020, India passed a nationwide ban on Chinese-owned apps, including TikTok. As of July 2021, the ban still remains in effect.

In August of 2020, then President Donald Trump signed an executive order proclaiming that the US would be banning TikTok and Chinese-owned app WeChat from US app stores, unless they found a US company to purchase the service. Originally given fifteen days to find a buyer, this time period was extended multiple times, with US companies Oracle and Walmart both expressing interest. Ultimately, neither the ban nor the sale to a US company came to fruition. Ultimately, President Joseph Biden revoked Trump's executive order in June of 2021.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

About | TikTok - Real Short Videos

https://www.tiktok.com/about

Web

How TikTok Is Rewriting the World

JOHN HERRMAN

https://www.nytimes.com/2019/03/10/style/what-is-tik-tok.html

News

March 10, 2019

TikTok: What It Is, How It Works, and Why It's Popular

https://www.investopedia.com/what-is-tiktok-4588933

Web

October 13, 2022

What is TikTok? - Everything You need to Know in 2022

Werner Geyser

https://influencermarketinghub.com/what-is-tiktok/

Web

January 18, 2019

References

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