Business Standard

TikTok's videos are goofy. Its strategy to dominate social media is serious

China's first big hit in the US uses an advanced algorithm to personalise its video-sharing app, and parent Bytedance's enormous ad spending on Snap, Facebook and Instagram aims to hook their users

tiktok, tiktok app
Premium

Georgia Wells & Yang Jie | WSJ San Francisco & Yoko Kubota,
Sometime in 2018, executives at Snap Inc. realized their biggest advertiser was also a rising competitor. It was an addictive app featuring cat videos, pranks and people doing robot dances. The Chinese video-sharing app TikTok was splurging by spending nearly $1 billion on advertising for the year, according to a person familiar with the spending, helping turn it into the first ever Chinese consumer-tech company to break out big in the U.S.

TikTok has also flooded Facebook Inc. and Instagram with ads, rattling the social-media giants by targeting their audiences on their own turf.

Its Beijing-based parent, Bytedance Inc., is now among
Topics : TikTok

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in