TikTok - Sixty Seconds of Fame
Updated: Jul 31
As the world's most valuable start-up, and the China's first worldwide internet sensation, ByteDance's economic of scale is growing in a very fast rate. However, it is also facing one of the biggest difficulties it has ever faced, i.e. sanction of the US government.
Here's something interesting about ByteDance:
The world's most valuable start-up
China's first worldwide internet sensation: an overall of 800 million monthly active users worldwide
400 million daily active user account in China- about 57% of users worldwide
70 million US users
24.3 million users in Russia
BYTEDANCE is the parent company
$15-20 bn revenue in 2019
Net profit: $7 bn
Douyin & Toutiao are the sources of revenue
Trying to Americanise its operation
More radical plan:
ByteDance global & China, 2 separate entities
Without BD US, the potential value would fall from $500bn to $300bn
Roposo in India
ByteDance is planning with a radical move attempting to solve this hardship, by separating the BD into BD China and BD global. Nevertheless, the company has also discussed this idea with the British government in February.
If BD is banned by the US government at the end, it will experience a fall in the potential value of the company from $500bn to $300bn. Furthermore, the market in US will still exist and may experience an intense competition among Youtube Shorts, Instagram Reels, and other companies which have decided to enter the tiktok market.