TikTok has hit one of the most exclusive milestones in the tech industry. The company said in a blog post Monday that it now has more than 1 billion monthly active users around the world, making it the rare social media application not owned by Facebook or Google to claim an audience of that size. During the pandemic, TikTok was successful in drawing in more millennials and high-profile creators from Instagram and other sites. TikTok also launched a $1 billion creator fund last year to encourage users to create content on the platform.

——TikTok says it now has more than 1 billion monthly active users, CNN

Commment:

The business model that encourages original content and strengthens the protection of intellectual property rights enables Chinese Internet companies to win more users and encourages more young creators around the world to create more high-quality works.