Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates.
Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. TikTok was the seventh-most downloaded app of the 2010s, and looks to be a true. Let me explain: TikTok has two versions, one exclusively for use in China (called Douyin, ), and one for the rest of the world. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. TikTok, known as Douyin in its home market, was launched in China in. Surprisingly, even though TikTok is a 100 Chinese app it’s actually blocked in China. Your CNN account Log in to your CNN account Launched in 2016, Douyin was the major money spinner for ByteDance years before TikTok, raking in revenue through in-app tipping and livestreaming.īyteDance was founded by Zhang Yiming, a former Microsoft employee, and first became known for its news app Jinri Toutiao or “Today’s Headlines,” which debuted in 2012 soon after the company was founded.
Like TikTok, it’s a short-form video app. Here’s what you need to know about Douyin and ByteDance:ĭouyin has a whopping 600 million users a day. Its powerful algorithm became the foundation for TikTok and is key to its global success.īut the two platforms, similar on the surface, play by starkly different rules. Instead, there’s a different version of TikTok - a sister app called Douyin.īoth are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don’t sell the company.īut the wildly popular platform, developed with homegrown Chinese technology, isn’t accessible in China.
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