TikTok is owned by a company called ByteDance.
ByteDance also owns the Chinese equivalent to TikTok which is called Douyin.
How did TikTok come to be?
TikTok was founded by ByteDance and was merged with Musical.ly (which ByteDance acquired in 2017) to reach a broader and more diverse audience.
Under the ownership of ByteDance, TikTok fast become one of the most popular social media apps in the world.
As such, ByteDance is now worth over $300 billion and owns a number of technology platforms and social media apps. For context, ByteDance as the parent company of TikTok was first founded in 2012 making it only 12 years old at the time of writing.
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