Who Owns TikTok Now?
TikTok Now was owned by ByteDance Ltd., a privately held Chinese multinational internet technology company headquartered in Beijing. ByteDance launched TikTok Now in September 2022 as an in-app feature within TikTok, designed to compete with BeReal's dual-camera spontaneous photo and video format. TikTok discontinued TikTok Now in June 2023, approximately nine months after its launch, after the feature failed to achieve meaningful user adoption. TikTok Now is no longer available as of 2026.
Parent Company
ByteDance Ltd.
Founded
2022
Status
Private
Headquarters
Beijing, China
Who Owns TikTok Now?
- Parent Company: ByteDance Ltd.
- Ownership Type: Wholly owned
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| TikTok Now | ByteDance Ltd. | Wholly owned |
History of TikTok Now
- Founded: 2022
- Founders: ByteDance (internal development)
TikTok Now's history is brief, spanning less than a year from launch to discontinuation. The feature was conceived as TikTok's competitive response to BeReal, a French social media application that had achieved viral growth in 2022 by offering a novel format: once per day, at a random time, BeReal sent users a notification prompting them to simultaneously capture photos with both their front and back cameras within two minutes. The format was designed to encourage authentic, unfiltered sharing rather than the polished, edited content that dominated Instagram and TikTok.
BeReal's growth in 2022 attracted significant attention from larger social media platforms, which recognized the format's appeal to younger users seeking more authentic social media experiences. Instagram, Snapchat, and TikTok all launched competing features that replicated BeReal's dual-camera, spontaneous capture format. This pattern of large platforms copying successful features from smaller competitors had been observed repeatedly in social media, most notably with Instagram's adoption of Stories (copied from Snapchat) and Reels (copied from TikTok).
TikTok Now was launched in September 2022, initially as a separate standalone app in some markets and as an in-app feature within TikTok in others. The feature prompted users to capture 10-second videos or static photos using both their front and back cameras simultaneously, mirroring BeReal's core mechanic. TikTok Now was integrated into TikTok's existing social graph, allowing users to share their TikTok Now content with their existing TikTok followers.
The feature launched with TikTok's considerable distribution advantage, as TikTok had approximately 1 billion monthly active users at the time of TikTok Now's launch. This distribution advantage meant TikTok Now was immediately available to a vastly larger potential user base than BeReal had ever achieved. However, distribution alone proved insufficient to drive meaningful adoption of the feature.
TikTok Now failed to gain significant traction among TikTok's user base. The feature's format, which was designed for spontaneous, unedited sharing, was at odds with TikTok's established culture of highly produced, edited short-form video content. TikTok users had come to the platform for entertainment and creative expression, not for the raw authenticity that BeReal's format was designed to capture. The mismatch between TikTok Now's format and TikTok's existing user behavior limited the feature's appeal.
BeReal itself also began losing users in early 2023, with reports indicating a 61% decline in daily active users between October 2022 and March 2023. The broader "authentic social media" trend that BeReal had pioneered appeared to be fading as the novelty wore off and users returned to more established social media behaviors. This decline in BeReal's own user base further undermined the rationale for TikTok Now's continued development.
On June 27, 2023, TikTok sent notifications to users informing them that TikTok Now would be discontinued. The notification did not provide a specific reason for the discontinuation. TikTok Now was shut down approximately nine months after its official launch, making it one of the shorter-lived product experiments from a major social media platform. The discontinuation was widely reported in technology media as a reflection of the broader failure of BeReal-style features across multiple platforms.
About ByteDance Ltd.
What does ByteDance own?
ByteDance owns TikTok, the international short-video platform with over 1 billion monthly active users, and Douyin, its Chinese domestic counterpart with over 700 million daily active users. The company also owns Toutiao, a news and content aggregation platform; CapCut, a video editing application; Lark, an enterprise productivity suite; Xigua Video, a long-form video platform in China; and Pico, a virtual reality hardware brand. ByteDance's platforms collectively reach billions of users across more than 150 countries.
Is ByteDance publicly traded?
No, ByteDance is a privately held company incorporated in the Cayman Islands and is not listed on any public stock exchange. The company has conducted employee share buyback programs that have implied valuations, with the most recent program in August 2025 valuing ByteDance at over 330 billion US dollars. ByteDance has not announced plans for an initial public offering, and its ongoing regulatory disputes in the United States have made a US listing unlikely in the near term.
Who founded ByteDance?
ByteDance was founded by Zhang Yiming in March 2012 in Beijing, China. Zhang, a software engineer who had previously co-founded real estate platform 99fang.com, built ByteDance around the concept of algorithmic content recommendation. Liang Rubo, a co-founder and Zhang's college roommate, became CEO in 2021 when Zhang stepped down from the role to focus on strategic and research activities. Zhang remains a significant shareholder and strategic advisor.
Where is ByteDance headquartered?
ByteDance is headquartered in Beijing, China. The company's international operations, including TikTok, are managed from a separate entity headquartered in Singapore. ByteDance also maintains major offices in Los Angeles, London, Dublin, and other cities. The Singapore headquarters structure was adopted to provide a degree of operational separation between ByteDance's Chinese domestic business and its international platforms.
How many brands does ByteDance own?
ByteDance operates approximately eight primary consumer platforms and applications, including TikTok, Douyin, Toutiao, CapCut, Lark, Xigua Video, and Pico. The company's portfolio is focused on digital platforms rather than physical product brands. Within each platform, ByteDance operates additional features and sub-products, such as TikTok Shop for e-commerce and Douyin Shop for live-stream commerce in China.
Who owns ByteDance?
ByteDance is a privately held company with no single publicly disclosed controlling shareholder. Zhang Yiming, the founder, holds a significant equity stake. Institutional investors including Sequoia Capital, General Atlantic, SoftBank, and Susquehanna International Group hold stakes in the company. ByteDance has consistently maintained that it is not controlled by the Chinese government, though its Chinese domestic operations are subject to Chinese regulatory requirements. The company's Cayman Islands incorporation structure is designed to facilitate international investment while maintaining founder influence.
- Founded: 2012
- Headquarters: Beijing, China
- Company Type: Privately Held
Where Is TikTok Now Made / Based?
- Headquarters: Beijing, China
- Manufacturing / Operations: China, United States
Brands Owned by ByteDance Ltd.
- CapCut - Mobile video editing app developed by ByteDance in 2020, reaching over 300 milli...
- Douyin - Chinese short-form video platform and social media ecosystem combining video sha...
- Jinri Toutiao - ByteDance's AI-powered Chinese news and content aggregation platform, founded in...
- TikTok - Chinese short-form video hosting service owned by ByteDance, one of the world's ...
TikTok Now Ownership: Pros & Cons
Advantages
- +TikTok's distribution advantage of approximately 1 billion monthly active users gave TikTok Now immediate access to a vastly larger potential user base than BeReal or any independent competitor could achieve
- +ByteDance's engineering and product development resources allowed TikTok Now to be developed and launched rapidly in response to BeReal's growth, demonstrating the competitive agility that large technology platforms can deploy
- +Integration with TikTok's existing social graph meant TikTok Now users could share content with their existing TikTok followers without needing to rebuild a separate social network
- +ByteDance's willingness to discontinue TikTok Now after nine months reflected disciplined product management, avoiding continued investment in a feature that was not achieving its objectives
- +The TikTok Now experiment provided ByteDance with product development experience and user behavior data relevant to future feature development within TikTok
Considerations
- -TikTok Now's format was fundamentally misaligned with TikTok's established user culture of polished, edited short-form video content, limiting the feature's appeal to TikTok's existing user base
- -The feature's discontinuation after nine months reflected a failure to achieve meaningful user adoption despite TikTok's significant distribution advantage, suggesting that platform copying has limits as a competitive strategy
- -ByteDance's regulatory challenges in the United States and other markets, including scrutiny of TikTok's data practices and ownership structure, created an unfavorable environment for launching new TikTok features during this period
- -The broader failure of BeReal-style features across multiple platforms, including Instagram's Candid Challenges and TikTok Now, suggested that the dual-camera spontaneous capture format had limited long-term commercial viability
- -TikTok Now's discontinuation may have created negative user experiences for the small number of users who had adopted the feature and built social connections through it
Frequently Asked Questions About TikTok Now
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to TikTok Now
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
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| Meta | USA | 2004 | Mass Market | North America | All Genders | |
| Meta | USA | 2010 | Mass Market | North America | All Genders | |
| Snap Inc | USA | 2011 | Mass Market | North America | Male | |
| Meta | USA | 2023 | Mass Market | North America | All Genders | |
| Bytedance | China | 2022 | Mass Market | Asia Pacific | All Genders | |
| Meta | USA | 2009 | Mass Market | North America | All Genders |
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TikTok Now
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ByteDance's short-form dual-camera video feature launched within TikTok in September 2022 as a BeReal competitor and discontinued in June 2023 after failing to gain traction.

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Competitive Analysis
Market Positioning: TikTok Now competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Jobs at ByteDance Ltd.
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