TikTok Owner Hits 1.5 Billion Monthly Users

By Liu Shuangshuang and Zhao Runhua / Jul 09, 2019 07:01 PM / Business & Tech

ByteDance, the parent company of popular short video platform TikTok, said Tuesday it now has 1.5 billion monthly active users globally across its portfolio of apps.

That’s 500 million more people than the figure for January, which Bytedance announced last month.

Meanwhile, more than 700 million people now use Bytedance apps each day, nearly half of whom are TikTok users, the company said. Tiktok is known in China as Douyin.

Bytedance, the world's most valuable “unicorn,” also owns leading news aggregator Jinri Toutiao, and is reportedly testing a new app which might further expand its user base.

Earlier this week, multiple Chinese media outlets reported that ByteDance was working on an English-learning app called “Tangyuan English.” ByteDance declined to comment on the reports.

Related: Update: TikTok Owner ByteDance Plans to Challenge WeChat and Spotify

Contact reporter Zhao Runhua (runhuazhao@caixin.com)