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Inside the rise of TikTok, the video-sharing app with 1 billion downloads that's owned by a massive Chinese internet company

Inside the rise of TikTok, the video-sharing app with 1 billion downloads that's owned by a massive Chinese internet company

To trace the history of this incredibly popular short-video sharing app, it's important to note that TikTok didn't start as TikTok.

TikTok is owned by ByteDance, a Chinese tech company that runs several popular social networking apps.

Think of ByteDance — headquartered in Beijing, China — as China's Facebook. Both companies own families of popular social networking apps used by billions of people a day.

ByteDance is run by CEO Zhang Yiming, who founded the company in 2012. Zhang's name is relatively unknown outside of China, but the 35-year-old CEO comes from a background in software engineering.

Source: Bloomberg

Zhang and ByteDance's first product was a news aggregator app called Toutiao. Zhang wanted to create a news platform whose results were powered by artificial intelligence, separate from China's search engine Baidu.

Source: Bloomberg

Since 2012, ByteDance has expanded as an umbrella for several popular Chinese social apps. Just this year, ByteDance has released a WeChat-competing chat app called FlipChat, and a video-messaging app called Duoshan.

Source: TechCrunch

Bytedance is now worth $75 billion, making it the most valuable private company in the world. It's recieved investments from some of the biggest VC firms globally, including SoftBank, Sequoia Capital, and General Atlantic.

Source: PitchBook

In September 2016, ByteDance launched a short-video app in China called Douyin. Short-form video creation was nothing new for China's market, but Douyin's popularity skyrocketed. Within a year, Douyin had 100 million users and 1 billion video views each day.

Source: WalktheChat

Then a year later, Douyin expanded outside of China to select international markets under a new name — TikTok. The platform quickly rose to top of the charts in Thailand, Japan, and other Asian markets.

Source: KrAsia

But as TikTok started to gain traction globally, another short-video app was already buzzing in the U.S.: Musical.ly. Its focus was 15-second lip-syncing music videos.

Source: Business Insider

Musical.ly was first created in 2014 by Alex Zhu and Louis Yang. It was born from an idea for short-form education videos, but Zhu said in the original idea was "doomed to be a failure."

Source: Business Insider

The app hit the No. 1 spot in the App Store in the summer of 2015, and never left the charts. From Musical.ly, a new generation of stars was created, including Jacob Sartorius.

Source: Business Insider

When the popular video app Vine closed in October 2016, many of the fresh class of young influencers who found fame by posting videos turned to Musical.ly to continue their work.

Source: New York Times

Then in November 2017, ByteDance purchased Musical.ly in a deal valued at $1 billion. The Chinese company operated its two short-form video apps, Musical.ly and TikTok, as two separate platforms.

Source: Business Insider

A little under a year later in August 2018, ByteDance announced it was shutting down Musical.ly and merging it with TikTok. All Musical.ly profiles were automatically moved over to the TikTok platform. "Combining musical.ly and TikTok is a natural fit given the shared mission of both experiences — to create a community where everyone can be a creator," Musical.ly cofounder Zhu said at the time.

Source: Variety

Since the merger, TikTok has only risen in popularity in the US. Together, TikTok and Musical.ly have more than 1.2 billion all-time downloads around the world. TikTok's popularity in the US peaked in December 2018 with 6 million installs, according to app analytics tracker Sensor Tower.

Source: Sensor Tower

TikTok has helped to launch some users to celebrity level of fame among Gen Z. That includes Lil Nas X, whose song "Old Town Road" gained popularity in part because of TikTok, where the song was used for countless videos and memes.

Source: Complex

Currently, the most popular star on TikTok is Loren Gray, who first launched her account on Musical.ly. At the time of writing, Gray had 31.8 million followers.

Source: Seventeen

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Inside the rise of TikTok, the video-sharing app with 1 billion downloads that's owned by a massive Chinese internet company

To trace the history of this incredibly popular short-video sharing app, it's important to note that TikTok didn't start as TikTok.

TikTok is owned by ByteDance, a Chinese tech company that runs several popular social networking apps.

Think of ByteDance — headquartered in Beijing, China — as China's Facebook. Both companies own families of popular social networking apps used by billions of people a day.

ByteDance is run by CEO Zhang Yiming, who founded the company in 2012. Zhang's name is relatively unknown outside of China, but the 35-year-old CEO comes from a background in software engineering.

Zhang and ByteDance's first product was a news aggregator app called Toutiao. Zhang wanted to create a news platform whose results were powered by artificial intelligence, separate from China's search engine Baidu.

Since 2012, ByteDance has expanded as an umbrella for several popular Chinese social apps. Just this year, ByteDance has released a WeChat-competing chat app called FlipChat, and a video-messaging app called Duoshan.

Bytedance is now worth $75 billion, making it the most valuable private company in the world. It's recieved investments from some of the biggest VC firms globally, including SoftBank, Sequoia Capital, and General Atlantic.

In September 2016, ByteDance launched a short-video app in China called Douyin. Short-form video creation was nothing new for China's market, but Douyin's popularity skyrocketed. Within a year, Douyin had 100 million users and 1 billion video views each day.

Then a year later, Douyin expanded outside of China to select international markets under a new name — TikTok. The platform quickly rose to top of the charts in Thailand, Japan, and other Asian markets.

But as TikTok started to gain traction globally, another short-video app was already buzzing in the U.S.: Musical.ly. Its focus was 15-second lip-syncing music videos.

Musical.ly was first created in 2014 by Alex Zhu and Louis Yang. It was born from an idea for short-form education videos, but Zhu said in the original idea was "doomed to be a failure."

The app hit the No. 1 spot in the App Store in the summer of 2015, and never left the charts. From Musical.ly, a new generation of stars was created, including Jacob Sartorius.

When the popular video app Vine closed in October 2016, many of the fresh class of young influencers who found fame by posting videos turned to Musical.ly to continue their work.

Then in November 2017, ByteDance purchased Musical.ly in a deal valued at $1 billion. The Chinese company operated its two short-form video apps, Musical.ly and TikTok, as two separate platforms.

Since the merger, TikTok has only risen in popularity in the US. Together, TikTok and Musical.ly have more than 1.2 billion all-time downloads around the world. TikTok's popularity in the US peaked in December 2018 with 6 million installs, according to app analytics tracker Sensor Tower.

TikTok has helped to launch some users to celebrity level of fame among Gen Z. That includes Lil Nas X, whose song "Old Town Road" gained popularity in part because of TikTok, where the song was used for countless videos and memes.

Currently, the most popular star on TikTok is Loren Gray, who first launched her account on Musical.ly. At the time of writing, Gray had 31.8 million followers.

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