• About
  • Contact
Sunday, April 11, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

TikTok’s parent company ByteDance now has one billion monthly active users

Saurav Bhagat by Saurav Bhagat
June 24, 2019
in News
2 min read
0
TikTok Creators nextbigbrand.in

tiktok logo nextbigbrand.in

Share on FacebookShare on Twitter

ByteDance, the Beijing-based startup behind famous TikTok brief video platform, has accumulated over one billion active monthly customers across its applications.

At this week’s Shanghai Film Festival, a business executive announced the milestone. On Thursday, a spokeswoman for ByteDance verified his comments to CNN Business, stating previously this year the billion mark was crossed.

ByteDance is the platform to many other apps too

ByteDance has over a dozen applications including Jinri Toutiao news aggregator, Top Buzz trend video platform, and FaceU selfie app.

According to market research company Sensor Tower, TikTok has been the most downloaded app in Apple’s (AAPL) App Store for five consecutive quarters since March. Overall, for the first three months of this year, it was the third most downloaded app in the world.

In February, Sensor Tower said the video platform reached 1 billion downloads globally, of which almost 100 million came from the U.S. and 250 million came from India.

The success of ByteDance has drawn large investors, including SoftBank (SFTBY) tech kingmaker. SoftBank’s money injection allegedly valued ByteDance at $75 billion early last year, making it the most precious start-up in the world ahead of The We Company, WeWork owners, and Juul e-cigarette.

However, it wasn’t all soft sailing.

In February, the U.S. Federal Trade Commission struck TikTok with a record fine to collect information on kids under the age of 13. The fine linked to Musical.ly, a Bytedance video sharing app purchased in 2017 and merged last August with TikTok.

In India, in April, TikTok was taken from app stores because of allegations that it made kids susceptible to pornographic and other inappropriate material. After two weeks, the ban was lifted after ByteDance effectively appealed the judgment of the tribunal.

And while a billion users are an amazing achievement for the seven-year-old company, ByteDance is still far behind Facebook (FB), which has over 5 billion active monthly customers including its WhatsApp, Messenger and Instagram platforms.

Suggested reading:

  • A Cheerful Moment for 300 Million User-TikTok

#tiktok #bytedance

Previous Post

Walmart buys share worth $76.4 million from Binny Bansal's, increases stake in Flipkart

Next Post

50 percent subscribers of IndiaMart IPO on first day, 2 more days to go

Saurav Bhagat

Saurav Bhagat

Saurav Bhagat is an experienced digital marketer and SEO Trainer from New Delhi, India. Saurav is inclined towards brands and brand story-telling from the past half a decade. His interest in startups has made him an immense member of the NBB Family from its very early days. Saurav loves Chai and writes his day to day experiences on Quora and Yuvagasm Media too. He believes in the power of storytelling for a Brand and also in general. He often says- "Stories are powerful enough to build and erase empires and generations!"

Related Posts

Jeff Bezos to Step Down as CEO of Amazon Later This Year
Industries

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
Industries

Nike is the Undisputed King among Apparel Brands: Brand Finance Study

April 9, 2021
Gupshup Raises $100 Million, Joins Unicorn Club
Media

Gupshup Raises $100 Million, Joins Unicorn Club

April 8, 2021
Twitter Had Discussions to Acquire Clubhouse
Internet

Twitter Had Discussions to Acquire Clubhouse

April 8, 2021
ShareChat Raised $502 Million at a Valuation of $2.1 Billion
Internet

ShareChat Raised $502 Million at a Valuation of $2.1 Billion

April 8, 2021
Groww Joins Unicorn Club with $83 Million Funding raise
News

Groww Joins Unicorn Club with $83 Million Funding raise

April 8, 2021
Next Post
indiamart-logo-ipo-next big brand

50 percent subscribers of IndiaMart IPO on first day, 2 more days to go

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Top 5 Fantasy Sports Platform in India

Top 5 Fantasy Sports Platform in India

3 months ago
Vodafone Idea Airtel- Next Big Brand

Vodafone Idea & Airtel Record Combined Loss Of ₹73,000 Crores

1 year ago
59 Ban Chinese Mobile Apps- Next Big Brand

Indian Intelligence Agencies Asks Government To Ban 52 Chinese Mobile Apps

10 months ago
Lenovo: Making Life Easy Through Innovative Products & Services

Lenovo: Making Life Easy Through Innovative Products & Services

4 months ago

FOLLOW US

  • 33.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Top 5 Made in India Short Video Apps Winning the Game in India
  • Here is the List of Top 10 Richest Persons in the World of 2021
  • Nike is the Undisputed King among Apparel Brands: Brand Finance Study

Instagram

Follow Me!

Latest News

Top 5 Made in India Short Video Apps Winning the Game in India

Top 5 Made in India Short Video Apps Winning the Game in India

April 10, 2021
Jeff Bezos to Step Down as CEO of Amazon Later This Year

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.