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(Yicai Global) Aug. 26 -- Zhang Nan, president of social video app TikTok, predicted on Aug. 24 that there will be a billion daily active users of short video apps by next year -- similar to the current number of DAUs on messaging and lifestyle program WeChat -- with the bulk made up by TikTok and its main rival Kuaishou.
TikTok had 320 million users in China, where it is known as Douyin, as of July, according to latest figures from the company. Kuaishou had more than 200 million as of May.