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ByteDance-owned Douyin launches stand-alone shopping app in China, heating up the competition against Alibaba, JD.com, PDD
Alibaba owns the South China Morning Post. While it touts the slogan "choose great bargains with little effort", Douyin Mall looks just like any other Chinese shopping app that lists recommended ...
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TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending
TikTok, including its Chinese counterpart Douyin, in 2024 became the first non-game app to reach $6 billion in in-app purchase revenue in a year. According to a new report from app intelligence ...