One of the most popular apps among teenagers at the moment is a short-form video platform called TikTok. TikTok acts as a social network, where users share videos covering a wide range of categories, from lip syncing to comedic skits to viral challenges. But even if you’ve never heard of the app, it’s worth getting to know it. TikTok has over 1 billion all-time downloads, and its popularity and influence has only continued to spread. TikTok is the product of a major Chinese company, and has only been on the scene for a few years. The app has gone through name changes and gained new features throughout its history, but it’s all helped to spur its popularity to new heights. How much do these 10 top-ranked YouTubers earn? Here’s how TikTok rose to become a platform launching a new generation of influencers and loved by teens: To trace the history of this incredibly popular short-video sharing app, it’s important to note that TikTok didn’t start as TikTok. TikTok is owned by ByteDance, a Chinese tech company that runs several popular social networking apps. Think of ByteDance – headquartered in Beijing, China – as China’s Facebook. Both companies own families of popular social networking apps used by billions of people a day. ByteDance is run by CEO Zhang Yiming, who founded the company in 2012. Zhang’s name is relatively unknown outside China, but the 35-year-old CEO comes from a background in software engineering. Zhang and ByteDance’s first product was a news aggregator app called Toutiao. Zhang wanted to create a news platform whose results were powered by artificial intelligence, separate from China’s search engine Baidu. From KOLs to LOLs: size does count with Chinese influencers Since 2012, ByteDance has expanded as an umbrella for several popular Chinese social apps. Just this year, ByteDance has released a WeChat-competing chat app called FlipChat, and a video-messaging app called Duoshan. Bytedance is now worth US$75 billion, making it the most valuable private company in the world. It has received investments from some of the biggest venture capital firms globally, including SoftBank, Sequoia Capital, and General Atlantic. In September 2016, ByteDance launched a short-video app in China called Douyin. Short-form video creation was nothing new for China’s market, but Douyin’s popularity skyrocketed. Within a year, Douyin had 100 million users and one billion video views each day. Anny Fan lifts the lid on a multibillion dollar industry Then a year later, Douyin expanded outside China to select international markets under a new name – TikTok. The platform quickly rose to top of the charts in Thailand, Japan and other Asian markets. Yet as TikTok started to gain traction globally, another short-video app was already buzzing in the US: Musical.ly. Its focus was 15-second lip-synching music videos. Musical.ly was first created in 2014 by Alex Zhu and Louis Yang. It was born from an idea for short-form education videos, but Zhu said the original idea was “doomed to be a failure”. The app hit the top spot in the app store in the summer of 2015, and never left the charts. From Musical.ly, a new generation of stars was created, including Jacob Sartorius. Do social media influencers signify the slow death of style? View this post on Instagram unsuccessful people make decisions based on their current situations. successful people make decisions based on where they want to be. A post shared by Jacob Sartorius (@jacobsartorius) on Jun 10, 2019 at 12:25pm PDT <!--//--><![CDATA[// ><!--\n\n\n//--><!]]> When the popular video app Vine closed in October 2016, many of the fresh class of young influencers who found fame by posting videos turned to Musical.ly to continue their work. Then in November 2017, ByteDance bought Musical.ly in a deal valued at US$1 billion. The Chinese company operated its two short-form video apps, Musical.ly and TikTok, as two separate platforms. A little under a year later in August 2018, ByteDance announced it was shutting down Musical.ly and merging it with TikTok. All Musical.ly profiles were automatically moved over to the TikTok platform. “Combining Musical.ly and TikTok is a natural fit given the shared mission of both experiences – to create a community where everyone can be a creator,” Musical.ly co-founder Zhu said at the time. Instagram influencer Caroline Calloway revives creativity workshop Since the merger, TikTok has only risen in popularity in the US. Together, TikTok and Musical.ly have more than 1.2 billion all-time downloads around the world. TikTok’s popularity in the US peaked in December 2018 with six million installs, according to app analytics tracker Sensor Tower. TikTok has helped to launch some users to celebrity level of fame among Gen Z. That includes Lil Nas X, whose song Old Town Road gained popularity in part because of TikTok, where the song was used for countless videos and memes. Currently, the most popular star on TikTok is Loren Gray, who first launched her account on Musical.ly. At the time of writing, Gray had 31.8 million followers. Did a video of a ‘shopaholic’ influencer get her blocked by Instagram? Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram , YouTube and Twitter This article originally appeared on Business Insider .