Technology News on January 4th, according to foreign media reports, Apptopia, a startup that tracks mobile application revenue and usage, said that in the fourth quarter of 2019, TikTok’s in-app purchase revenue increased by 310% year-on-year.
According to data released by Apptopia, in the fourth quarter of 2019, TikTok’s in-app revenue had a substantial scale-more than $ 50 million. Based on quarterly revenue of $ 50 million, TikTok can generate hundreds of millions of dollars in revenue each year—enough to list itself separately and provide substantial financial help to its parent company’s byte beating.
Byte Beat has a current market value of more than $ 70 billion. TikTok is an application that merged with Douyin after Byte Beat acquired the short video application Music.ly at the end of 2017. The application has undoubtedly achieved breakthrough success worldwide.