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KEY STAT | ByteDance first quarter revenues up 130% with annual target half of Tencent’s 2019 earnings [Update]

TikTok’s owner set an annual revenue goal of RMB 200 billion, while more than 80% of its 2019 revenue was from online advertising.

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  • The growing sector gives video-sharing platforms an opportunity to gain presence in the e-commerce industry.

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    CHINA BRIEF | ByteDance forms e-commerce business unit

    1 min read

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