TikTok becomes first app not owned by Facebook to reach 3 billion downloads
TikTok and its Chinese version Douyin reached 65 million downloads in June, bringing its cumulative downloads to 3 billion, making it the first non-Facebook app to reach this milestone, according to a report by mobile app data analytics firm Sensor Tower.
US government reverses ban on TikTok, WeChat
Trump issued the ban against TikTok and WeChat in 2020 on the grounds that they threatened US national security.
TikTok owner ByteDance said to go public in Hong Kong, valued at about $400 billion
ByteDance has started the process of going public in Hong Kong and submitted an underwriter engagement letter to the Hong Kong Stock Exchange, the China Securities Journal reported Wednesday.
Douyin averages more than 600 million daily active users in Q1
On Chinese New Year's Eve, Feb. 11, Douyin's DAU reached a peak of 692 million.
TikTok owner ByteDance launches fund to invest in gaming startups
Beijing-based ByteDance, the owner of short video app TikTok, announced on March 19 that it will establish the Nuverse Inspiration Fund (NIF) to invest in gaming startup teams.
TikTok said to be considering group chat feature
The group chat feature is part of TikTok owner ByteDance's blueprint to develop TikTok as a "social interaction app".
ByteDance reportedly moves Toutiao's CEO to TikTok
It is worth noting that Zhu recently liked short videos by several TikTok algorithms and product employees in TikTok, and the frequency of his interactions with TikTok employees has increased significantly.
Reports that ByteDance will sell its TikTok India business to Glance are fake news, state media says
According to Chinanews.com, ByteDance said it would not comment on the rumors. However, a source close to the matter said the news is not true.
ByteDance reportedly exploring sale of TikTok's India business to local rival Glance
Glance's parent company InMobi owns the short video app Roposo, which became hugely popular after TikTok was banned in India in July last year.
Douyin and TikTok top global non-game app revenue charts in January
In January 2021, Douyin, the Chinese version of TikTok, and TikTok earned nearly $128 million in App Store and Google Play worldwide, 3.8 times more than last January, and once again topped the global mobile app (non-game) revenue chart, according to Sensor Tower data.