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TikTok Owner Makes 7 Million In Revenue In The First Half Of 2019

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TikTok Owner Makes 7 Million, TikTok Revenue In First Half Of 2019,Startup Stories,TikTok Revenue,TikTok Revenue First Half 2019,TikTok Revenue 2019,TikTok App Revenue Details,TikTok Owner ByteDance,TikTok Latest News 2019

Everyone is aware of the famous video sharing app TikTok.  The app gained rapid popularity in Asia, the United States and some other parts of the world and was declared the most downloaded app in the United States in 2018. 

The immense popularity of the app proved profitable to its owner ByteDance, which, according to reports, earned a revenue of $ 7 million through TikTok in the first half of 2019. 

According to the international news organization Reuters, the Company raked in almost 50-60 billion yuan ($ 7 billion to $ 8.4 billion) through TikTok, its Chinese version Douyin and news aggregator Jinri Toutiao

ByteDance is a Beijing based startup founded in 2012.  The startup became a success thanks to its product Jinri Toutiao, which is a news and information content platform widely popular in China.  The Company then went on to acquire another startup called Musical.ly, which it then converted into TikTok.  Considered one of the most valuable unicorns in the world, the success of ByteDance earned its founder Zhang Yiming a place in Bloomberg’s Billionaires Index 2019. 

ByteDance had almost 800 million daily active users in 2018 and was reportedly valued at around $ 78 million by some sources.  Although TikTok is a widely popular product by the Company, ByteDance makes most of its revenue from Douyin as TikTok is in its early stage to earn revenue. 

However, the Company is facing issues like censoring politically sensitive content in China and facing investigation in relation to children’s privacy violations in the U.S., and Britain.

This did not affect ByteDance as it plans to expand beyond China.  In an effort to go global, ByteDance launched its own search engine, a work efficiency app called Lark and a Wikipedia like site called Baike.com.  The Company is also planning to launch a music streaming app and increased its number of employees from 40,000 to 50,000 in just a year.

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Entrepreneur Stories

From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Entrepreneur Stories

Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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Inverstors Stories

Fractal Invests $20 Million in Asper.ai to Accelerate AI Solutions for Consumer Goods

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Fractal Invests $20 Million in Asper.ai to Accelerate AI Solutions for Consumer Goods

Fractal, a leading SaaS unicorn, has announced a strategic investment of $20 million in Asper.ai, an AI-driven platform focused on the consumer goods and manufacturing sectors. This funding, revealed on March 19, 2025, aims to accelerate Asper’s growth by enhancing product development and expanding its enterprise customer base.

Investment Highlights

Pranay Agrawal, Co-Founder and CEO of Fractal, expressed excitement about the partnership, noting Asper’s impressive growth over the past three years. He stated that this investment will unlock new opportunities for enterprise customers and drive further innovation within Asper.

Asper.ai’s Objectives

Mohit Agarwal, Co-Founder and CEO of Asper.ai, emphasized the need for consumer goods leaders to have a strategic ally that can adapt to their operations and transform data into actionable insights. The investment will support Asper in building its autonomous growth AI platform and attracting top talent.

Future Plans

Anuj Kaushik, Co-Founder and Chief Commercial Officer of Asper.ai, highlighted the positive market response to their offerings. With Fractal’s investment, Asper.ai plans to enhance its AI capabilities across key areas like demand forecasting and revenue growth management.

Conclusion

Fractal’s $20 million investment marks a significant step in advancing AI solutions within the consumer goods sector. The collaboration between Fractal and Asper.ai is set to redefine how businesses leverage AI for growth and efficiency in a competitive landscape.

 

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