Caixin
Feb 08, 2019 05:13 PM

Snap Sees Competition in Asia From ByteDance and Tiktok

Snap said it now has 60 million more daily active users than Twitter. Photo: VCG
Snap said it now has 60 million more daily active users than Twitter. Photo: VCG

American social media company Snap has identified Chinese unicorn ByteDance and its super popular video app TikTok as major competitors in Asia, according to the company’s latest filing to the U.S. Securities and Exchange Commission.

New York-traded Snap released its financial report for 2018 on Tuesday. It said it now has 60 million more daily active users than Twitter. Snap listed Facebook (including Instagram and WhatsApp), Google (including YouTube) and Twitter as its major competitors worldwide.

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