ByteDance’s latest round of private share transactions has taken the social media behemoth to a valuation of over $104bn.  TikTok, the video-sharing app and its South East Asian twin app Douyin, allows you to interact and follow other musers.

In 2017, ByteDance bought the lip-sync app and merged TikTok with’s 200-million users...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now