- 2016: Bytedance merged Musical.ly with its own app, Douyin, to create a new app called TikTok for international markets. Douyin was already a popular app in China, but it was rebranded as TikTok for the global market.
- 2017: Bytedance raised $1 billion in funding from investors, valuing the company at $15 billion.
- 2018: TikTok acquired Musical.ly for $1 billion, and Bytedance announced that it would be merging the two apps under the TikTok brand.
- 2019: Bytedance was valued at $75 billion after a round of funding, making it one of the most valuable private companies in the world.
- 2020: Bytedance announced that it had reached 1 billion active users on TikTok, and the app became the most downloaded app in the world in 2020.
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