Douyin was developed in 200 days and within a year had 100 million users, with more than one billion videos viewed every day. Not to be confused with doujin.ĭouyin was launched by ByteDance in September 2016, originally under the name A.me, before rebranding to Douyin ( 抖音) in December 2016. The Economist, Reuters, and Financial Times have described the Chinese government's stake as a golden share investment. In April 2021, a state-owned enterprise owned by the Cyberspace Administration of China and China Media Group, the China Internet Investment Fund, purchased a 1% stake in ByteDance's main Chinese entity. TikTok Ltd owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India). ByteDance is owned by its founders and Chinese investors (20%), other global investors (60%), and employees (20%). Corporate structureīyteDance, based in Beijing, and its subsidiary TikTok Ltd were incorporated in the Cayman Islands. Cloudflare ranked TikTok the most popular website of 2021, surpassing Google. Morning Consult named TikTok the third-fastest growing infotech brand of 2020, after Zoom and Peacock. In October 2020, TikTok surpassed 2 billion mobile downloads worldwide. Since their launches, TikTok and Douyin have gained global popularity.
It hosts user-submitted videos, which can range in duration from 3 seconds to 10 minutes. TikTok, whose mainland Chinese counterpart is Douyin ( Chinese: 抖音 pinyin: Dǒuyīn), is a short-form video hosting service owned by ByteDance.
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