Tiktok announced today that more than 1 billion people use Tiktok every month. On July 16, 2018, Douyin announced that the number of global monthly active users exceeded 500 million. ByteDance launched TikTok, an international brand of Douyin in May 2017, and invested hundreds of millions of dollars to enter overseas markets. TikTok refers to the sound of the clock ticking. The flat style was initially adopted.
✨ 1 billion✨ people on TikTok! Thank you to our global community 🎉 https://t.co/X7FjwpTI0B
— TikTok (@tiktok_us) September 27, 2021
Later, ByteDance spent US$1 billion to acquire musical.ly, a similar product in North America, in November 2017, which has since established Tiktok’s dominant position in the overseas market.
