China's latest social media platform, ByteDance-owned Douyin, is bucking industry trends by defying predictions. Despite global concerns over data privacy and competition from established players like Instagram, Douyin has managed to grow its user base rapidly. With over 500 million monthly active users, the platform is poised to become a major player in the social media landscape.

Source: https://www.bloomberg.com/news/videos/2024-10-25/china-s-answer-to-instagram-is-defying-industry-trends-video