TikTok’s business model

It’s the social network everyone’s talking about these days.

It is an application that allows its users to create and share 15-second videos.

After its launch by ByteDance, the mobile application spread like wildfire, attracting more than 500 million users just 3 years later.

Exactly, we are talking about TikTok, the current phenomenon of social networks.

The attention that TikTok has received, keeps its owners very surprised. Moreover, ByteDance was recently recognized as the most valuable startup in the world.

Without a doubt, this was due to the impressive success of the TikTok application.

Many still wonder how the company TikTok generates money from the application and this is what we want to present today.

You will also learn much more about this application of the
that people just can’t stop talking.

Dissected TikTok Business

ByteDance has closed funding deals with SoftBank and some other powerful investors some time ago.

In total, the financing was for the staggering sum of $3 billion.

This ended up bringing the value of the ByteDance company to $75 billion.

CB Insights considers this company as “The most successful Unicorn today”.

TikTok is presented as an app that nurtures and celebrates users’ creativity.

It is an app that brings together the creativity of the world, all the important and didactic moments of all users can be captured and without filtering.

It is interesting how you can do all this just with a mobile phone application without any complications for its use. Everyone who wants to can be a content creator in TikTok.

A platform where you can transform your ideas and passions into interesting videos, with just a few clicks.

It is also a place for entertainment and hopefully the next application to control the world of social media marketing.

In fact, it’s quite natural to wonder why in the world such a simple video creation and sharing tool shakes up the world of social media.

You might wonder why a seemingly commonplace mobile application can attract the attention of established and successful names like Facebook.

Who owns TikTok?

ByteDance is the company behind TikTok. It is based in China and is run by Yiming Zhang.

He is a lifelong entrepreneur who founded several companies before he came to the fore in ByteDance.

He is also the brains behind the China real estate search portal.

While at university, Yiming Zhang is reported to have been solving computer problems to earn some extra money.

So technology is certainly in his blood.

Yiming Zhang worked with Kuxun as Director of Technology, managing over 40 engineers on this China travel search engine.

This business was later bought by TripAdvisor. From a reliable source at Forbes, this year’s January alone, Yiming Zhang had a net worth of $6.8 billion.

How does TikTok make money?

As you’ll agree with me, the way TikTok makes money is not yet clear.

It’s a new application and its monetization strategy is still quite complicated at its best.

However, this does not mean that TikTok is not generating money at all.

It does not make any sense to consider how much ByteDance paid to have ownership of the application.

CrunchBase reports that the application generates up to a million dollars each year.

Come and visit their page to know where to buy tiktok likes.

Leave a Reply

Your email address will not be published. Required fields are marked *