internal chinabased 28b tiktok chinese douyin
Internal memo: ByteDance seeks to increase China-based ad revenue from ~$28B in 2020 to $39.8B in 2021; TikTok’s Chinese twin Douyin had 610-620M DAUs in March — – Company is seeking to boost China ad revenue by more than 40% — It’s targeting e-commerce GMV of as much as 600 billion yuan
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