If you are a teenager or a parent and are internet savvy, chances are you have heard who created Tik Tok? Most netizens still don’t know who the owner is. You will find the answer to this question in this article.
The Tik Tok app is currently blowing up the internet with short 15 second clips. Despite the short duration of the video, the platform is very popular among young people, who are already called tiktokers.
Reading time: 7 minutes.
Who is the owner
What is Tik Tok and who is the founder?
Tik Tok refers to itself as “an app for recording 15 second video clips”. The user base is more than 600 million people. Owned by ByteDance Corporation, founded in 2012 with an estimated value of $75 billion.
Tik Tok notation
ByteDance is growing not only with Tik Tok. The company also founded Toutiao, a popular news platform with 240 million downloads.
In parallel, work is underway to develop products such as Xigua Video, TopBuzz and BuzzVideo. At the end of 2018, the company became the most valuable SturtUp in the world.
Who is the owner of Tik Tok
The CEO and founder of ByteDance is Zhang Yiming, a 35-year-old entrepreneur. In the past, Zhang had experience building a real estate search engine.
There is little information about the creator of Tik Tok on the network:
Aerial view in Tokyo
The very first computer in the world
mini soda cans
Today he is one of the richest people on the planet with a fortune of $16.2 billion.
Formation of the Tik Tok application
After launching Toutiao, a Chinese mobile news and information platform, in 2012, Zhang’s ByteDance buys Musical.ly. The deal took place on December 9, 2017 for $1 billion.
Short Clips Pioneer
Alex Zhu and Liu Yang are young Chinese entrepreneurs who created the music service Musical.ly in 2014. On this platform, short video clips could be recorded and shared with other users. The program has been used by over 100 million people.
In parallel, a musical project from ByteDance was developing. In the period 2015-2016 Acquisition of short video companies: Xigua Video, Douyin music video platform launched at the end of the third quarter of 2016.
In terms of functionality, this is analogous to Musical.ly. The radius of the possible action of the application did not exceed the borders of the territory of the PRC. A competitor developed in the global market. Douyin is waiting for success. By the end of 2016, there were 100 million users.
Birth and publication
In September 2017, ByetDance launches a copy of Douyin in Indonesia under the name Tik Tok. The country of origin remains China. On August 2, 2018, Tik Tok merges with Musical and a new era of short clips begins.
Merging platforms into one
The Musical.ly platform’s multi-million user base has cost a whopping $800 million in total.
Today, the number of downloads of the Tik Tok application on the App Store and Play Market platforms exceeds 1 billion.
By creating two applications that are mirror-like in function, ByteDance can develop without violating the laws of the country. Douyin works for the Chinese audience, while Tik Tok works for the rest of the global market.
For his part, Zhangh seems to understand that he is very important to modern society and equates himself with Facebook founder Mark Zuckerberg and Uber founder Travis Kalanick.
Facebook and Uber
Don’t even ask. Yes, Zhang tested all the features after he created Tik Tok. For a long time, he just watched TikTok clips without creating them himself.
Yiming created the app and thought it was a youth product. Later, the company introduced a rule: create your own Tik Tok videos and they must receive at least 100,000 likes. Otherwise, employees will have to do push-ups. It was a big step for Zhang and his entire team. Now you can enjoy the result of fruitful work.
Photo of the creator of Tik Tok
We invite you to see published photos from the one who created Tik Tok, the most popular application in the 21st century. Posts from Zhang Yimin’s official Instagram page – yimzhang.
Founder of Tik Tok
Testing selfies on the self-timer
Favorite photos with soda
Evening Los Angeles from the hotel window
Zhang Yimin with colleagues at work
Zhang Yiming in a cave
Ruined and abandoned city in China
Yiming in your car
Sunset for Zhang Yiming
Keep calm and never give up We suggest you go and study the complete guide to work in Tik Tok