TikTok reaches record-breaking milestone with over $10 billion in in-app spending. Two other Chinese apps were also very successful in 2023.
Since its launch in 2018, TikTok has enjoyed a spectacular rise.
The rapid rise of the TikTok app oper ated by the Chinese company ByteDance cannot be overlooked. Now the platform has once again achieved a record-breaking milestone last year and became the first mobile app ever to reach the $10 billion mark in in-app spending, reports the online magazine Gizchina
According to the report, TikTok’s success is based on a simple strategy. Fans can donate virtual tips to their favorite content creators or support them financially through live stream purchases.
Shein and Temu also on the rise
According to the report, the rise of the two fashion giants Shein and Temu, which achieved great fame last year, is worth mentioning. The latter took first place among downloads in 125 countries.
In addition, generative AI apps, which provide users with an innovative tool for creating content on platforms such as TikTok, are becoming increasingly popular.
- » Tipp: The best VPN providers for more security and data protection
- » Buy balcony power plant: Comparison of the best solar systems
Don’t miss anything with this NETWORK WORLDNewsletter
Every Friday: The most informative and entertaining summary from the world of technology!
