BRIGHT KHUMALO: TikTok’s explosive growth makes it worth watching
The sharing app could dominate the market and send Facebook value into a tailspin
28 May 2020 - 18:16
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 Musical.ly and merged TikTok with Musical.ly’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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now