• About
  • Contact
Saturday, June 25, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

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

Saurav Bhagat by Saurav Bhagat
June 24, 2019
in News
Reading Time: 2 mins read
A A
0
TikTok Creators nextbigbrand.in

tiktok logo nextbigbrand.in

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

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
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.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • 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
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

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.