After the acquisition, byte hop will only hold a minority stake in tiktok and lose voting rights, according to a person familiar with the matter quoted by the financial times. This is the only viable plan, he said.
For US investors, tiktoks strong ability to absorb users and attract money is exciting.
Tiktok and Chinas overseas version of TikTok have been broken 2 billion times in April this year, according to SensorTower data. The US market has contributed 165 million downloads after China and India. The tiktok and TikToks internal revenue reached $456 million in the first quarter of 2020, of which US users contributed 86 million 500 thousand US dollars, accounting for 19%, the highest among Chinas top domestic income. As of June this year, tiktok was still the number one app download in the world.
At present, tiktoks development in the United States is seriously threatened by the US government. White House chief of staff meadows said on the 16th that the trump administration was paying attention to tiktoks suspected collection of information on American citizens, and said that the results of sanctions would be released in a few weeks.
In the face of pressure, byte beat is not willing to give up the U.S. market. In addition to hiring Americans to serve as tiktoks CEO, tiktok is also recruiting U.S. employees and plans to add 10000 U.S. jobs within three years. In addition, in view of the information security problem proposed by the U.S. government, byte skipping also tries to introduce network security experts from the U.S. Department of defense and set up a transparency center to ease the worries of American users.
According to CNN on July 24, tiktok will invest $200 million in the creator fund to retain outstanding creators of the platform and attract new users. This is also the first time tiktok has paid directly to the content creators of the platform.
This is to support ambitious creators who want to make creative short video content their career, tiktok said. Applicants should be 18 years of age, live in the United States, and adhere to the tiktok community guidelines. Creators can start applying for funding in August.
Tiktok also plans to provide financial support for creators worldwide, but no specific time has been disclosed.
In June, the sales of lottery tickets nationwide totaled 33.570 billion yuan, down 3.4% year on year_ NB12679