TikTok is a privately owned company headquartered in the US, with ByteDance as its parent company. Founded in 2016, the company employs approximately 46,980 individuals. It reported $39.0B in revenue as of 2024. The company specializes in search, social, and retail media, operating primarily as a short-form mobile video app.
On April 25, 2026, TikTok and Visa jointly launched a debit card for UK-based creators, enabling faster access to earnings. This initiative addresses previous delays where payments from TikTok Live could take up to a month to reach a creator's bank account.