4. Finances
• Not turning a profit yet
• 225% growth in in-app
purchases from Oct 2017
to 2018
• ByteDance 2018 revenue
$7.2 billion
5. Growth
• #1 most
downloaded app
on iOS globally
in 2018
• Most
downloaded for
Q1 2019
TikTok
PUBG Mobile
Youtube
Whatsapp
Instagram
Messenger
Facebook
Fortnite
Helix Jump
WeChat
6. Business Model
• In app coin purchases to give to
creators
• Uncertain but 20% of profit of
coins on musical.ly
• Launched ads in 2019