ByteDance is owned by its founders and Chinese investors (20%), other global investors (60%), and employees (20%). Corporate structureīyteDance, based in Beijing, and its subsidiary TikTok Ltd, based in both Singapore and Los Angeles, were incorporated in the Cayman Islands. Cloudflare ranked TikTok the most popular website of 2021, surpassing Google. Morning Consult named TikTok the third-fastest growing infotech brand of 2020, after Zoom and Peacock. In October 2020, TikTok surpassed 2 billion mobile downloads worldwide. Since their launches, TikTok and Douyin have gained global popularity. It hosts user-submitted videos, which can range in duration from 3 seconds to 10 minutes. TikTok, whose mainland Chinese counterpart is Douyin ( Chinese: 抖音 pinyin: Dǒuyīn), is a short-form video hosting service owned by ByteDance.
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