An executive said at a company ByteDance: The Chinese version of the short video app TikTok called Douyin reached 600 million daily active users in August, an increase of 50 percent since the beginning of the year.
And users in China cannot access the application TikTok, which is very popular with teenagers around the world, which has become the subject of a major dispute between Beijing and Washington over security concerns, but they can use (Douyin), which is similar in design.
ByteDance China CEO Kelly Zhang said:Kelly Zhang), During an online conference: More than 22 million (four-year-old) Duyin content makers – made a total of 41.7 billion yuan ($ 6.15 billion) over the past year.
“Duyin aims to help them double this income over the next year,” she added.
The figure of 600 million daily active users of the application (Duyin) comes as TikTok faces a possible ban in the United States from the Trump administration, which wants ByteDance to sell Tik Tok operations in the United States.
Oracle said it would cooperate with ByteDance, which could help keep TikTok operating in the United States.
Like Tik Tok, Douyin allows users to watch short videos, live broadcasts, and make in-app purchases.
It is currently one of the most popular social media applications in China and its growth is seen as an indication of the potential development of Tik Tok.
By comparison, the Chinese messaging app (WeChat), which is owned by Tencent, said that more than 1 billion users used the app every day in 2018.
China had 1.6 billion active mobile internet users per month as of May, according to market research firm QuestMobile.
Reuters reported that ByteDance is considering listing its Chinese business in Hong Kong or Shanghai, amid escalating tensions between Washington and Beijing.
The listing plan began after US regulators began reviewing ByteDance’s acquisition of Musical.ly last year.
Sources told Reuters: The bulk of ByteDance’s revenue comes from China, especially from advertising income via (Douyin) and the Chinese news aggregator (Jinri Toutiao).