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Tiktok is very much a product of the 'free market' segment in China. The government does have a minority ownership stake in it now, but that's very recent and t
by simonh 5y ago
Tiktok is very much a product of the 'free market' segment in China. The government does have a minority ownership stake in it now, but that's very recent and they played no role in it's founding by Zhang Yiming, a programmer and serial app and online service founder.
- disgruntledphd2 5y agoYeah, my understanding is that the recommendation engine was already developed for a news app popular in India, and that they grafted this onto Musical.ly (the acquisition which has now become TikTok). Also, they spent many, many millions on ads to get the app everywhere.
- Mehdi2277 5y agoMillions? They spent a lot more than 10s of millions on advertising. They spent roughly a billion on advertising and probably are one of the most advertised products ever in spending. https://www.wsj.com/articles/tiktoks-videos-are-goofy-its-strategy-to-dominate-social-media-is-serious-11561780861 https://www.wsj.com/articles/tiktoks-videos-are-goofy-its-st...
- disgruntledphd2 5y agomany, many millions can be approximately equal to 1bn. I am aware that they advertised a lot, but didn't have (and wouldn't trust) any figures provided on this, as I've seen how wrong they can be.