Who is the founder of the TikTok application, which has made a name for itself all over the world today? How can the application install? We explained it in our article.
The short video sharing trend that started with Vine, the phenomenon application that marked a period, continues with TikTok. TikTok, which has left its mark on social media with 15-second videos. And reveals trends that will be talked about for a long time. It is one of the most successful social media platforms of the last period.
The application became popular all over the world in a short time, competing with platforms such as Facebook, Youtube, Instagram. And made a name for itself with the huge number of monthly active users over 800 million. So who is the founder of the TikTok platform, which intimidates its competitors with its successes? Here is the founding story of TikTok in detail in our article.
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Who is the founder of TikTok?
This application, which has made its name known to the whole world with its short-term video creation, sharing and live broadcast concept, actually has an interesting founding story. This platform, which has taken social media by storm, was released by the company ByteDance in 2016. The founder of ByteDance is Chinese internet entrepreneur Zhang Yiming. The entrepreneur also serves as the CEO of this company.
Born in 1983, Zhang Yiming is one of the main actors in the popularization of the TikTok platform. After the entrepreneur established the ByteDance company, successful projects such as Toutiao, TikTok, Flipchat, Vigo and BuzzVideo emerged that reached large audiences. Zhang Yiming, whose personal fortune is stated to be $ 44.5 billion. He will leave his position as CEO of ByteDance towards the end of 2021, as previously announced.
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All the details about ByteDance behind TikTok
ByteDance, a Beijing-based internet technology company, launched in 2012 by Zhang Yiming. So, ByteDance, which is among the largest companies in China with the applications it hosts, has managed to reach more than 800 million daily active users on all content platforms as of 2018.
ByteDance has become the focus of investors after the applications it has developed have increased in popularity. In this way, the company managed to surpass even giant companies such as Coca Cola by increasing its market value to over 250 billion dollars by 2021.
TikTok, which has achieved huge growth in a short time. It is actually the successful result of a series of right moves which made by ByteDance company. After the Vine application, which left its mark on a period, decided to close in 2017, there was a suspicion and emptiness on the part of users against the concept of short-term video. TikTok, whose name we started to hear gradually, which was shown as one of the closest platforms to Vine at that time, appeared as an application to fill this gap.
TikTok originally launched in China by ByteDance in September 2016 under the name Douyin. The company later changed the name of the app to TikTok towards the end of 2017 to suit the international market. This was a great start for the famous TikTok application.
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TikTok was not able to appeal to large audiences at first. The reason for this was the Musical.ly application, which launched in 2014. This platform achieved serious success at that time, leading to the emergence of applications such as TikTok. For this reason, Musical.ly which considered the ancestor of TikTok. At this point, ByteDance, the owner of TikTok, made a crucial move and bought the Musical.ly application for $ 800 million.
TikTok and Musical.ly apps merge
Making a statement after purchasing Musical.ly, the first Chinese-supported application to have achieved great success in the US. TikTok and ByteDance founder Yiming Zhang said, “By combining Musical.ly and Bytedance’s extensive user infrastructure in China and Asia. We can help our content creators. and we will create an important global platform for our brands to open up to new markets.” said.
Everything the CEO planned to do was successfully. ByteDance, which also wants to take advantage of the Musically application’s young user base in the USA. It made its big move on August 2, 2018 by transferring all existing accounts and data from Musical.ly to the TikTok application to create a larger and global video community.
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Success came quickly with the merging of these two apps. TikTok has quickly spread all over the world, with trends that marked social media, dance videos and many more entertainment-oriented content. It stated that the application, which has doubled the number of users with the intervention of the pandemic period, has more than 800 million active users per month. On the other hand, according to the data, TikTok will reach 1 billion monthly active users towards the end of 2021.
