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Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Launched in 2016, Douyin was the major money spinner for ByteDance years before TikTok, raking in revenue through in-app tipping and livestreaming.īyteDance was founded by Zhang Yiming, a former Microsoft employee, and first became known for its news app Jinri Toutiao or “Today’s Headlines,” which debuted in 2012 soon after the company was founded. Like TikTok, it’s a short-form video app. Here’s what you need to know about Douyin and ByteDance:ĭouyin has a whopping 600 million users a day. Its powerful algorithm became the foundation for TikTok and is key to its global success.īut the two platforms, similar on the surface, play by starkly different rules. In order to take advantage of all that TikTok has to offer, start by setting up a user account it'll only take a few seconds. Instead, there’s a different version of TikTok - a sister app called Douyin.īoth are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. TikTok is the official app for the super popular social network that lets you create and share fun videos with all your friends and followers.

TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don’t sell the company.īut the wildly popular platform, developed with homegrown Chinese technology, isn’t accessible in China.

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