who-owns-tiktok

Who Owns TikTok? Inside The Chinese Tech Giant

TikTok is owned by ByteDance, a Chinese internet technology company owning several content platforms worldwide (Douyin, Toutiao, Xigua Video, Helo, Lark, Babe). Bytedance passed the $300 billion private market valuation by 2022, making around $58 billion in revenue in 2022, over $4 billion from TikTok.

Bytedance corporate structure

bytedance-corporate-structure
Source: ByteDance

Based on the several products the company has, its holding company is a Cayman corporation, keeping control, of other subsidiaries, from TikTok Ltd., which is the Cayman holding, owning TikTok LLC (in the US), TikTok KK, in Japan, TikTok Pte. Ltd. in Singapore, and TikTok Information Technologies UK Ltd. in the UK.

bytedance-leadership
Source: ByteDance

The leadership team comprises Yiming Zhang, founder, and CEO, followed by the other board of directors.

TikTok-merge-musical.ly
Source: ByteDance

ByteDance started its international growth in the western world when in August 2018, it merged Music.ly with TikTok, and from there, the International expansions accelerated.

bytedance-investors
Source: ByteDance

Within ByteDance, other investors are private equity and venture capital firms like Sequoia, KKR, and SoftBank.

TikTok’s business model is quite interesting as it goes beyond traditional social media.

how-does-tiktok-make-money
TikTok makes money through advertising. It is estimated that ByteDance’s owner will make $51 billion in 2021 in revenues. TikTok instead generated $4.6 billion in advertising revenues, 3.3 billion downloads, and 1.2 billion monthly active users in 2021. TikTok is a multi-billion company worth between $100 and $ 150 billion and is among the most valuable social media platforms.

Other products part of ByteDance

  • Douyin is China’s leading destination for short-form mobile videos. (TikTok in China).
  • Toutiao is one of the most popular content discovery platforms in China.
  • TikTok leading destination for short-form mobile video.
  • Xigua Video is one of China’s most popular video applications that enable users to discover, enjoy and share a wide range of video stories, both short-form and long-form.
  • Helo India’s leading social media platforms.
  • Lark collaboration tools in a single interconnected platform, including chat, calendar, content creation, cloud storage, and app management.
  • Babe Indonesia’s leading news and content app.

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Who Owns TikTok

who-owns-tiktok
TikTok is owned by ByteDance, a Chinese internet technology company owning several content platforms worldwide (Douyin, Toutiao, Xigua Video, Helo, Lark, Babe). Bytedance passed the $300 billion private market valuation by 2022, making around $58 billion in revenue in 2022, over $4 billion from TikTok.
TikTok? Inside The Chinese Tech Giant">

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