TikTok CEO
Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to statistics from Chinese firm Hurun published on Thursday.
WASHINGTON—TikTok Chief Executive Officer Shou Zi Chew has navigated both Western and Chinese business over the course of his fast rise to the corner office.
Zhang Yiming, the 40-year-old founder of TikTok owner ByteDance, has donated another 200 million yuan (US$28.9 million) to an education fund he created two years ago, a municipal education authority said in a statement on Thursday, offering a rare glimpse of the Chinese entrepreneur's activity after disappearing from ...
TikTok, which has over 150 million American users, is a wholly owned subsidiary of Chinese technology firm ByteDance Ltd., which appoints its executives. ByteDance is based in Beijing but registered in the Cayman Islands, as is common for privately owned Chinese companies.
A study from the University of Minnesota reveals that TikTok's unique algorithm can both provide a sense of community and self-discovery for users, while also potentially exposing them to harmful content that can negatively impact mental health.
TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don't sell the company. But the wildly popular platform, developed with homegrown Chinese technology, isn't accessible in China.
TikTok is owned by ByteDance, a Chinese internet technology company owning several content platforms worldwide (Douyin, Toutiao, Xigua Video, Helo, Lark, Babe). Bytedance passed the $300 billion private market valuation by 2022, making around $58 billion in revenue in 2022, over $4 billion from TikTok.
Most of the founders' 20% stake belongs to Zhang, while co-founder Liang Rubo has about 1%, according to a person familiar with the matter. That would give Liang a $2.1 billion net worth. Institutional investors hold 60% of ByteDance and employees own the remaining 20%, according to Chew's testimony.
TikTok makes money from advertising, shop commissions, fees from subscriptions, and music royalties. The business model of TikTok is centered around becoming a super app on which users can not only consume videos, but shop for items, play games, and so much more.
TikTok, the very popular video sharing app, has become the most downloaded app in the world. ByteDance, its parent, has also overtaken Ant Group as the world's most valuable unicorn with a valuation of US$350 billion, according to the latest Hurun Global Unicorn Index, which was published on Monday.
TikTok, and its Chinese counterpart Douyin (Chinese: 抖音; pinyin: Dǒuyīn), is a short-form video hosting service owned by ByteDance. It hosts user-submitted videos, which can range in duration from 3 seconds to 10 minutes. TikTok Pte. Ltd.
Who is Shou Zi Chew's wife? Shou became the CEO of TikTok when the founder of its parent company stepped down in 2021. He is originally from Singapore, and he met his wife Vivian Kao in 2008 when they were both attending Harvard Business School. Vivian is Taiwanese American, and currently works in the financial sector.
As of December 2021, 20-year-old Addison Rae Easterling has more than 88 million followers on TikTok. She became so successful, with a net worth valued at $15 million, according to Celebrity Net Worth, that she quit college to pursue her TikTok career full-time.
TikTok is owned by China-based ByteDance, the world's most valuable start-up. Numerous countries have raised concerns over its proximity to the Chinese government and hold over user data across the world. Banned TikTok from all federal government-owned devices over security concerns.
The most active TikTok users in the United States: 116.5 million. Also in the top three countries with the largest number of TikTok users are Indonesia (113 million) and Brazil (84.1 million).
TikTok uses its Creator Fund to encourage popular TikTokers to keep creating engaging content. As a creator, once you have at least 10,000 followers and at least 100,000 video views over the last 30 days, you have the potential to start earning money.
Like YouTube, TikTok offers paid advertisements for brands to promote their products and services. Brands can use TikTok For Business to enhance their marketing solutions through features such as in-feed videos, brand takeovers, hashtag challenges and branded effects.
2014 – Musical.ly was introduced mainly as a platform to share lip-syncing. 2018 – ByteDance acquired Musical.ly in August and renamed it TikTok. It became more than just a platform for lip-syncing, with dance challenges becoming the latest trend.
TikTok is owned by the Chinese technology company Bytedance and has long maintained that it does not share data with the Chinese government.
TikTok is 100% privately owned by ByteDance, its parent company. As there are no shareholders of TikTok, the CEO of TikTok, together with other TikTok executives, makes major decisions for the company.
If you want to make money directly from TikTok, you'll need to have at least 10,000 followers, plus at least 100,000 video views in the last 30 days. Read more about the TikTok Creator Fund below.
For now, Montana is the only U.S. state to sign legislation into law that would ban TikTok on all personal devices in the state. But many public universities and university systems in the U.S. have banned TikTok from operation on campus Wi-Fi and university-owned devices.
In Japan, the use of TikTok and other social networking services (SNSs) are prohibited on government devices that handle confidential information. Nakayama said further restrictions should be considered only after looking into their data-handling and other operations.
Why does the US want to ban TikTok? The United States wants to ban the application for several reasons. The main reason is national security. U.S. lawmakers are concerned that ByteDance may leak U.S. user data to the Chinese government if the Chinese government forced them to.