On Monday, September 27, TikTok announced that the number of active registered users at least once a month has crossed the one billion threshold. This is an especially high number when you consider that just over three years ago, in August 2018, the app was launched. That is, he continued what Musical.ly had started.
The community platform developed by ByteDance saw the biggest jump in user base numbers in the first quarter of 2020, when the program gained 315 million new downloads, making it the most downloaded app, presumably due to the pandemic and restrictions. There was also an astonishing rise in app interest in the parent company’s revenue, with ByteDance doubling its earnings by $34.3 billion from the previous year.
Based on SensorTower measurements, it Verge . writesThe number of TikTok downloads is currently 3.2 billion. That includes the Chinese version of the app, Douyin, which the index recently wrote about restrictions imposed by the Chinese state. By August 2021, the total user base, ByteDance, which has grown by a quarter from the previous year, is estimated to be $425 billion.
Meanwhile, ByteDance allegedly postponed its plans to issue public shares indefinitely due to austerity measures taken by the Chinese government. In recent months, there have been numerous criticisms from China for not regulating local tech companies, including the TikTok developer, with sufficient efficiency and accuracy.