The company that owns TikTok is breaking records: it’s worth more than Netflix, Twitter, Snapchat, Uber and PayPal combined.

Mario Seijas

The success of TikTok is far from a secret. The video app continues to grow in popularity and has millions of active users worldwide. The popular app broke records around the world, and in the first quarter of 2022, it already showed that it had a singing voice. Well, you know TikTok, but… have you heard of Bytedance?

ByteDance is the parent company and owner of TikTok. This Chinese startup was already hailed as the most valuable back in 2020, but you can imagine that now its assets are much higher. A company of Chinese origin and, in addition to TikTok, owns some news media such as Toutiao and other platforms such as Buzzvideo..

Names like Toutiao or Buzzvideo don’t tell us much, but TikTok is no joke. Thanks to the video app, the company now has net worth $360,000 millionwhich means it’s more valuable than Netflix, Twitter, Snapchat, Uber and PayPal combined.

#Tik ​​TokParent company ByteDance is currently the most valuable startup in the world, with a valuation of $360 billion, more than Netflix, Twitter, Snap, Uber and PayPal combined.#nomercinomalis pic.twitter.com/p7fnATcUZP

— Scott Galloway (@profgalloway) May 10, 2022

These are astronomical numbers that make it one of the most powerful companies in the world. And be careful, because although other projects are not popular here, interest in their products continues to grow in China.

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Although let’s face it, TikTok is the jewel in the crown. The app has made history with its numbers, and it doesn’t look like it’s going to have problems in the future. No app has managed to surpass it in terms of downloads since 2018., and four years on the catwalk is a long time for such an entertaining app. In the US alone, TikTok has been downloaded over 175 million times this year.

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In the West, you can see that the company has left its mark, but this is nothing compared to what it managed to do in China. ByteDance is now a very famous company, but it still has the soul of a small startup. It’s incredible to see how ^^the idea of ​​TikTok led this company to take on Alibaba and Tencent**, two big companies that, sorry for the drama, control the world today.