Technology

Sources: e-commerce spending on ByteDance’s Douyin in China reached $208B in 2022, up 76% YoY; shoppers in Southeast Asia spent $4.4B on TikTok in 2022 (Juro Osawa/The Information)


Juro Osawa / The Information:

Sources: e-commerce spending on ByteDance’s Douyin in China reached $208B in 2022, up 76% YoY; shoppers in Southeast Asia spent $4.4B on TikTok in 2022  —  TikTok’s Chinese parent company, ByteDance, is making inroads in e-commerce.  Consumers in China last year spent 1.41 trillion yuan …

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