Summary of TikTok's Owner Is Taking Over the World

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Bytedance, the owner of TikTok, is a Chinese internet company that has seen great success in its home country. However, it faces competition from other companies, both local and international, and its main source of revenue is from ad sales. Bytedance also has to deal with regulatory issues in both China and other countries.

• 00:00:00 TikTok is a social media app that is used by a majority of teenagers and millennials. Bytedance is a Chinese internet company that has achieved extraordinary success in China by creating apps that are for everything from news aggregation to online education. However, Bytedance has faced competition from local and international players, and its main revenue comes from ad sales. Bytedance also faces regulatory issues at home and abroad.