ByteDance, a Chinese technology firm, launched Tiktok in 2016.
It is a social networking platform for short-form video creation, sharing, and discovery.
TikTok's parent firm, ByteDance, purchased Musical.ly for roughly $1 billion in November 2017.
In August 2018, the two apps were merged into a single app that retained the TikTok logo while including many of Musical.ly's features.
As of 2023, TikTok has more than 1.5 billion monthly active users. It has received over 3.5 billion downloads.
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