TikTok has greater than 200 million month-to-month customers in Europe, or roughly one in three residents on the continent, the brief video app platform mentioned on Friday, the newest signal of its speedy development amongst youngsters.
That is up from 175 million individuals final 12 months, amongst customers in 32 European international locations. TikTok, owned by Chinese know-how behemoth ByteDance, has greater than 1 billion customers globally who go to month-to-month, a spokesperson mentioned.
While the firm has confronted regulatory challenges worldwide, it has confronted explicit ire from US President Donald Trump, who’s pushing for divestment of its property there.
In Europe, TikTok was fined 530 million euros ($600 million) by its lead EU privateness regulator in May.
ByteDance is about to launch an worker share buyback that may worth the Chinese agency at greater than $330 billion, Reuters reported in late August.