TikTok hits 1 billion monthly active users globally – company – Reuters

A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration
NEW YORK, Sept 27 (Reuters) – TikTok hit 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020.
The United States, Europe, Brazil and Southeast Asia are the biggest markets for the popular short-video app, the company said.
TikTok has experienced surges in users around the world in the past few years, despite regulatory scrutiny it is facing in the United States and other regions.
The company previously said it had about 55 million global users by January 2018. That number rose to more than 271 million by December 2018, 508 million by December 2019, and 689 million by July 2020.
Facebook reported 2.9 billion monthly active users as of end of June 2021, according to its latest quarterly report.
TikTok previously said it surpassed 2 billion global downloads by August 2020.
The video sharing platform is owned by China technology giant ByteDance. TikTok appointed ByteDance's CFO Shouzi Chew, a Singaporean national, as the new chief executive officer of the company earlier this year.
(This story has been corrected to change July 2021 to July 2020 in paragraph four)
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Canada's decision on whether to ban Huawei (HWT.UL) 5G gear, as all the other members of the so-called Five Eyes intelligence-sharing network have done, is likely to be made in "coming weeks," Prime Minister Justin Trudeau said on Tuesday.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved

source