It has funding from some of the world's highest-profile investors, including Japanese conglomerate SoftBank (also an investor in Uber). ByteDance, which owns TikTok, is the single largest start-up in the world, surpassing Uber in valuation with $78 billion. It's also more than just a plucky tech start-up. TikTok, called Douyin in China, is a phenomenon in a country where both Facebook and Instagram are banned. TikTok's figures are particularly impressive, not just because TikTok is a young company, but because they exclude installs from third-party Android stores in China, meaning the actual download count is much higher.
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