TikTok Ad Revenue Sees 300% Compound Annual Growth Rate
On Wednesday, Jiemian News learned from a source that ByteDance’s short-video platform TikTok saw a compound annual growth rate of 300 percent in advertising revenue. In addition, ByteDance’s advertising revenue in China moderated, but the e-commerce business of Douyin – TikTok’s sister app for the Chinese mainland – sustained growth.
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