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TikTok, whose mainland Chinese and Hong Kong [3] counterpart is Douyin, [a] [4] is a short-form video hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which can range in duration from three seconds to 60 minutes. [ 5 ]
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [7]Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
The future of TikTok is mired in uncertainty in the United States after the House of Representatives passed a bill last week which could ultimately lead to the wildly popular video app being banned.
According to The Wall Street Journal, in March 2023, it was the second-most downloaded app in the U.S., behind that of Chinese discount retailer Temu. [ 5 ] [ 6 ] Currently CapCut has over 1 billion downloads on the Google Play Store .
Billionaire Frank McCourt told Yahoo Finance he is still interested in acquiring TikTok if it isn't able to overturn a federal law that demands the Chinese-owned social media app be sold to a US ...
The House of Representatives, on March 13, passed a bill that would force ByteDance, the Chinese owner of TikTok, to sell the app’s U.S. operations or face a nationwide ban.
Zhang's management style with ByteDance was modeled on US tech companies such as Google and included bimonthly town hall meetings and discouraging employees from calling him "boss" or "CEO", as is the Chinese convention. [14] In September 2015, ByteDance launched its video-sharing app TikTok (known as Douyin in China) with little fanfare.
Users who have TikTok on their devices would still be able to use the app, but banning TikTok from app stores would prohibit future software updates. If ByteDance sells TikTok before Jan. 19, the ...