Foreigner original video challenge3/20/2024 Douyin was developed in 200 days and within a year had 100 million users, with more than one billion videos viewed every day. Not to be confused with doujin.ĭouyin was launched by ByteDance in September 2016, originally under the name A.me, before rebranding to Douyin ( 抖音) in December 2016. TikTok has been noted for downplaying its connection with ByteDance and for eschewing specific questions about the nature of TikTok's relationship with ByteDance and ByteDance's relationship with the Chinese government. However, multiple reports claim that there is little functional separation between TikTok and its parent because Beijing-based executives and internal company software developed by ByteDance are heavily involved in TikTok's operations. TikTok says that since May 2020, a CEO based in the United States has been responsible for making important decisions for the business. The Economist, Reuters, and Financial Times have described the Chinese government's stake as a golden share investment. In April 2021, a state-owned enterprise owned by the Cyberspace Administration of China and China Media Group, the China Internet Investment Fund, purchased a 1% stake in ByteDance's main Chinese entity. TikTok Ltd owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India). Its parent company, Beijing-based ByteDance, is owned by founders and Chinese investors (20%), other global investors (60%), and employees (20%). TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. Several countries have restricted, banned, or attempted to ban the use of TikTok due to national security concerns that user data could be collected by the Chinese government, children's safety, addictiveness, terrorism, antisemitism, toxic content, misinformation, and mental health. TikTok's popularity has resulted in the platform having an increasing cultural impact worldwide. Cloudflare ranked TikTok the most popular website of 2021, surpassing Google. Morning Consult named TikTok the third-fastest growing infotech brand of 2020, after Zoom and Peacock. In October 2020, TikTok surpassed 2 billion mobile downloads worldwide. Since their launches, TikTok and Douyin have gained global popularity. It hosts user-submitted videos, which can range in duration from 3 seconds to 10 minutes. TikTok, whose mainland Chinese counterpart is Douyin ( Chinese: 抖音 pinyin: Dǒuyīn: Shaking sound), is a short-form video hosting service owned by ByteDance.
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