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TikTok Owner ByteDance Hits 1 Billion Users

By Tang Ziyi / Jun 19, 2019 12:17 PM / Business & Tech

Photo: VCG

Photo: VCG

Chinese app maker ByteDance now has over 1 billion monthly active users across its apps, the company announced earlier this week.

ByteDance owns popular news aggregator Jinri Toutiao and short video app TikTok, which is known in China as Douyin. It’s the world’s most valuable “unicorn” — a term meaning a startup worth more than $1 billion.

China’s more established tech companies — especially Baidu, Alibaba and Tencent — have in recent years faced increased competition from newer players like ByteDance and local services app Meituan Dianping.

Related: In Depth: Upstart ByteDance Takes On China’s Internet Goliaths

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