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Technology@lemmy.worldEnglish · 2 months ago

TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending

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TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending

misk@sopuli.xyz to

Technology@lemmy.worldEnglish · 2 months ago

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TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending | TechCrunch

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.

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Arkouda@lemmy.ca
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2 months ago

Users spend real money to buy creators virtual gifts, which can then be cashed out as fiat currency, with TikTok retaining 50% of the payout.

Should probably read the article before ceding your point.

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