Will TikTok go public? It is preparing to go public and the company aims to achieve success in many new areas.
ByteDance, the owner of the video sharing application TikTok, which has billions of users worldwide, is considering an IPO in Hong Kong.
According to the news in the Financial Times, ByteDance, the owner of the Chinese short-term video sharing application TikTok, is considering an initial public offering in Hong Kong at the beginning of next year, after the concerns of the Chinese regulators are resolved.
According to the news, the company continues to submit all legal documents requested by regulatory bodies. It is aimed to complete the legal documents and submit the application in September.
On the other hand, a ByteDance spokesperson declined to provide additional information, although he stated that the news was not true.
TikTok surpasses Facebook
Video sharing app TikTok has surpassed social media giant Facebook and topped the list of the world’s most downloaded apps in 2020, according to a global survey.
A global survey of mobile app downloads in 2020 revealed that the video-sharing app TikTok, developed in China, has achieved great success.
According to the survey published in Nikkei, TikTok was the most downloaded application in the world in 2020. In 2019, the most downloaded application in the world was Facebook Messenger. Thus, TikTok completed 2020 as the most downloaded application in the world.
Facebook is in second place behind TikTok. Facebook is followed by WhatsApp, Instagram and Facebook Messenger. As you can see, Facebook Messenger, the leader of 2019, has fallen to fourth place in 2020. Here is the entire order:
MOST DOWNLOADED APPS OF 2020
- Facebook Messenger