TikTok Reaches 1 Billion Monthly Active Users Globally – Business

A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS / Dado Ruvic / Illustration

NEW YORK, Sept.27 (Reuters) – TikTok reached 1 billion monthly active users globally this summer, the company told Reuters, marking a 45% jump since July 2020.

The United States, Europe, Brazil and Southeast Asia are the biggest markets for the popular application of short videos, the company said.

TikTok has seen an increase in user numbers around the world in recent years, despite the regulatory scrutiny it faces in the United States and other regions.

The company previously said it had around 55 million users worldwide as of January 2018. This number rose to over 271 million in December 2018, 508 million in December 2019 and 689 million in July 2020.

Facebook reported 2.9 billion monthly active users at the end of June 2021, according to its latest quarterly report.

TikTok previously said it surpassed 2 billion global downloads in August 2020.

The video-sharing platform is owned by Chinese tech giant ByteDance. TikTok appointed ByteDance chief financial officer Shouzi Chew, a Singaporean national, as the company’s new chief executive earlier this year.

(This story has been corrected to change July 2021 to July 2020 in paragraph four)

Echo Wang report in New York; Editing by Kenneth Li and Daniel Wallis

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