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TikTok tops 2 billion downloads

TikTok, the widely popular video sharing app developed by one of the world’s most valued startups (ByteDance), continues to grow rapidly despite suspicion from the U.S. as more people look for ways to keep themselves entertained amid the coronavirus pandemic.

The global app and its Chinese version, called Douyin, have amassed over 2 billion downloads on Google Play Store and Apple’s App Store, mobile insight firm Sensor Tower said Wednesday.

TikTok is the first app after Facebook’s marquee app, WhatsApp, Instagram and Messenger to break past the 2 billion downloads figure since January 1 of 2014, a Sensor Tower official told TechCrunch. (Sensor Tower began its app analysis on that date.)

A number of apps from Google, the developer of Android, including Gmail and YouTube, have amassed over 5 billion downloads, but they ship pre-installed on most Android smartphones and tables.

TikTok’s 2 billion download milestone, a key metric to assess an app’s growth, comes five months after it surpassed 1.5 billion downloads.

In the quarter that ended on March 31, TikTok was downloaded 315 million times, surpassing its previous best of 205.7 million downloads in Q4 2018. Facebook’s WhatsApp, the second most popular app by volume of downloads, amassed nearly 250 million downloads in Q1 this year, Sensor Tower told TechCrunch.

As the app gains popularity, it is also clocking more revenue. Users have spent about $456.7 million on TikTok to date, up from $175 million five months ago. Much of this spending — about 72.3% — has happened in China. Users in the United States have spent about $86.5 million on the app, making the nation the second most important market for TikTok from the revenue standpoint.

Craig Chapple, a strategist at Sensor Tower, said that not all the downloads are as organic as TikTok, which launched outside of China in 2017 and has engaged in a “large user acquisition campaign.” But he attributed some of the surge in downloads to the COVID-19 outbreak that has driven more people than ever to look for new apps.

India, TikTok’s largest international market, accounts for 30.3% of the app’s downloads, according to Sensor Tower. The app has been downloaded 611 million times in the world’s second largest internet market.

From a platform’s standpoint, 75.5% of all of TikTok’s downloads have occurred through Google Play Store. But the vast majority of spending has come from users on Apple’s ecosystem ($435.3 million of $456 million).

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Facebook Messenger provides governments, agencies with free developer tools to combat COVID-19

Big tech has been making a huge effort to mobilize its power to help people work better together to battle the ongoing coronavirus pandemic — whether it’s creating search and information portals, making sure the most authoritative voices are surfacing above the noise or gathering compute power to supercharge research …

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Startup founders are building companies on WhatsApp

Creating new firms and services easily and cheaply opens up the world

Lisa Enckell

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Lisa Enckell
Contributor

Lisa Enckell is a partner at Antler, an early-stage venture capital firm and startup generator.

In Asia, where I work as a partner at an early-stage VC, startups are regularly rolling out …

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Flip raises $4M to pounce on the growing sector of employee messaging

By now we’re all familiar with text messaging groups for multi-person co-ordination. I’ve lost count of how many WhatsApp, Telegram and Facebook messenger groups I’m on! Other apps like Threema have started to be used in a business context and startups like Staffbase have decided to become full-blown ‘workforce messaging’ platforms. The thinking now amongst investors is that messaging is about to explode in all sorts of verticals and that it’s a rich seam to mine.

In that vein, Flip, a Stuttgart, Germany-based employee messenger app, has now raised €3.6M ($4M) from LEA Partners and Cavalry Ventures, together with Plug and Play Ventures and Business Angels such as Jürgen Hambrecht (Chairman of the Supervisory Board BASF), Prof. Dr. Kurt Lauk (Chairman of the Supervisory Board Magna International), Florian Buzin (Founder Starface) and Andreas Burike (HR Business Angel). The capital raised will be invested primarily in the expansion of the team and the development of further markets.

Founded in 2018, the start-up offers companies a platform that connects and informs employees across all levels in a legally compliant manner.

That last part is important. The application is based on a GDPR-compliant data and employee protection concept, which was validated jointly with experts and works councils of several DAX companies. It also integrates with many existing corporate IT infrastructures.

The startup has now secured customers including Porsche, Bauhaus, Edeka, Junge IG Metall and Wüstenrot & Württembergische. Parts of the Sparkasse and Volksbank are also among the customer base. It also counts Deutsche Telekom as a partner.

Flip founder and CEO, Benedikt Ilg, said in a statement: “Flip is the easiest solution for internal communication in companies of all sizes.”

Bernhard Janke from LEA Partners said: “As a young company, Flip has been able to attract prestigious clients. The lean solution can be integrated into existing IT systems and existing communication processes, even in large organizations. With the financing round, we want to further expand the team and product and thus support the founders in their vision of making digital workforce engagement accessible to all companies.”

Claude Ritter of Cavalry Ventures said: “We are convinced that Flip is setting new standards in this still young market with its safe, lightweight and extremely powerful product”.

Source: TechCrunch