As you all know that Tik Tok is a video streaming application. It is becoming very popular all over the world. And it's Chinese company. This popularity is taking away the bad days of bytedance company. As for your knowledge i want to say that bytednce is the parent company of tik tok. Yes many people don't know about it and actually bytedance was failing company. But after tik tok launch, it is started getting a revenue. Here we need to see first 6 month earning of bytedance and it is 800 to 840 crore dollars. So according to royters this is more than hope. And generating revenue like this is impossible for bytedance but after tik tok launch, it is got the very good revenue.
According to one of the officer of company he said that in the next 6 month our company earn good profit. The target was 10 thousand crore Chinese yuan but they had increased to 12 thousand crore chinese yuan and the profit was more than the expectation. It was 15 thousand crore yuan. In the 2018 it has made 10 thousand crore yuan as well. Bytedance is old startup. This company has jinry tutono and tik tok chinese version douyin.
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Bytedance get this success because of tik tok application. Sometime ago tik tok has faced criticism in Indonesia and India because of some pornographic and abusive content. Along with this it is also getting tough competition by other tech companies in china such as holdings and baidu. Baidu is a search engine of china. If we gather all applications users of bytedance then we can see that it has 150 crore monthly active users and daily active users are 70 crore approx. Bytedance has recently launched search engine in china to give tough competition to baidu. And also acquired chinese wikipedia platform bayki.com.
Now they are planning to bring pad music application for the users. In the 2018 this company had 40 thousand employees in the world. Now it has more than 50 thousands employees worldwide. So year by year they are developing new things in the technology world. One startup can give push to your whole economy. And this is proven with bytedance.
Here you can see tik tok quarterly first-time installs since 2016 and it is the data of 2016 to 2019 Quarter 4. And in first quarter of 2018 it got massive jump in first time installs and still it is increasing. So you can say that 2018 first quarter is the golden period of this company.
By checking the below given data, there clearly visible that tik tok is the most popular in india and almost from every city of india people using tik tok. So india is the main source of income of the tik tok company after china. Tik tok allows user to make 15 sec video, soundtracked by music clips. and this is the popular concept and users like it. Musical.ly was also got more popularity because of this concept and now it is merged to tiktok.
After facing controversy tik tok makers added some rules for the users. But still it is not enough to stop abusive content because many users misusing this platform. Many normal persons becomes a celebrity after using a tik tok. So this is the beneficial for many but not for all. Every popular social media has advantages and disadvantages as well.
So after reading this case study do you think that our steem/hive should have dapp like tik tok? Let me know in the comment. We need Dapp that is similar to tiktok and reward users with hive/steem. I am personally like the concept but i also want to know other's feedback.
I am inviting you to join GEMS community formed by
@appreciator,
@rocky1 and
@upmewhale.
