According to the official data of byte skipping, tiktok has covered more than 200 countries, has more than 2 billion downloads worldwide, and has more than 91 million monthly active users in the United States. According to public data, tiktok ranked fourth in the world with 730 million downloads in the whole year in 2019, surpassing Facebooks instagram.
On the evening of August 27, Wal Mart announced in a statement that it was cooperating with Microsoft to bid for tiktok and negotiate the acquisition of tiktoks businesses in the United States, Canada, Australia and New Zealand.
Earlier on August 27, byte skipping confirmed that tiktok CEO Kevin Mayer had resigned from byte skipping. Kevin Mayer officially joined byte hopping on June 1, 2020 as coo and Global CEO of tiktok. As tiktok was confronted with an executive order from the US government, the industry believes that this may be the reason for his resignation.
On August 30, byte skipping said that the company was concerned that the Ministry of Commerce and the Ministry of science and technology jointly announced the announcement on adjusting and releasing the catalogue of Chinas Technologies Prohibited and restricted from export on August 28. The company will strictly abide by the regulations of the peoples Republic of China on the Administration of technology import and export and the catalogue of Technologies Prohibited and restricted from export in China, and handle the related business of technology export.