TİK TOK ••••

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ByteDance, owner of the Tik Tok app, can reach $ 75 billion •••

ByteDance, owner of the Tik Tok app, can reach $ 75 billion ,tik tok,china america,

The Chinese company ByteDance, which owns the popular video sharing application Tik Tok, may be the world's largest startup.  The value of the company could reach $ 75 billion, according to Bloomberg.

 

 Although there is no definitive definition of the concept of startup, which is agreed upon, today;  Businesses that have just started their activities, established to test / market a new idea, grow rapidly and do not reach traditional company structuring, are referred to as startups.  When these qualities are stretched, we see that startups such as SpaceX, Uber, DropBox, Airbnb and Pinterest are included in the concept of startups.  The ride-sharing app Uber is currently the world's most valuable startup with a market value of nearly $ 72 billion, but the company may soon lose this title.


 Opened to the world with Tik Tok


 According to Bloomberg's report, Japanese technology giant Softbank, US investment company KKR and another US company known for its investments in startups, General Atlantic, are trying to make it the most valuable startup in the world by investing in Chinese startup ByteDance.  Of course, ByteDance name is not heard much outside of Asia, but the applications developed by this company are used by millions of people all over the world.  The company's two most well-known applications are the video sharing application Tik Tok and the news platform Toutiao, with over 100 million users.

 

 Record leap in Tesla's share value

 Of course, although there are many startups with high market value in China, ByteDance is in a different position.  Almost all of the valuable startups in China have received financial support from Tencent or Alibaba, the country's two largest internet companies.  ByteDance, on the other hand, has not received any investment from either of these companies.  The company, which spread its video sharing application under the name Douyin in China under the name of Tik Tok worldwide, reported that it reached 500 million active users in July.  At the beginning of August, Tik Tok merged with Musical.ly, another video sharing application with 100 million active users per month, under ByteDance.

 

 It can reach a value of 75 billion dollars


 Although Softbank, KKR and General Atlantic did not make a statement on the subject, three companies will invest a large amount in ByteDance, according to Bloomberg's sources close to the subject.  According to allegations, Softbank will invest $ 1.5 billion in the first place, but it is not yet known how much this minimum amount will increase at the end of the investment round.  With the investment to be made by the other two companies, ByteDance is expected to reach a market value of $ 75 billion, surpassing Uber and becoming the world's most valuable startup.  Although the current value of ByteDance is not known clearly, the company closed its investment tour last year with a valuation of $ 20 billion.


Twitter also wants to buy TikTok

There is no official statement, but ByteDance, which accepts that it has to sell TikTok, seems to be meeting with all buyers to get the best possible offer.  ByteDance, which created a kind of auction in this way, is also thought to raise the price of TikTok.


Anack TikTok can be an exceedingly big bite for Twitter.  While the market value of all Twitter is $ 29 billion, TikTok's operations in the US alone are worth tens of billion dollars… So it is estimated that there is no money to buy TikTok in Twitter's vault.



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On the other hand, Twitter also has the experience to buy TikTok through an investor and run its business successfully.  Therefore, it is estimated that giant investment funds bid jointly with Twitter.

President Bıden’s favorite social networking service, Twiter, is thought to be silent about the purchase of TikTok.  It is estimated that Twitter may rise to the top of the most important social media services in the USA and the world with the purchase of dance videos.


Because Twitter will now appeal to adolescents who crave for dance videos as well as adults who want to follow news.  In addition to the advertisements of companies lining up to sell products to adolescents, user data will open new doors for Twitter.

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