Douyin sees 46% e-commerce growth, outpaces rivals

By  
Artur Stańczuk
September 15, 2024
0
min read
Share this post
Source

Summary:

ByteDance's Douyin, TikTok’s Chinese sibling, saw its e-commerce GMV grow by 46% from August 2023 to July 2024. Despite facing a price war and slowing growth, Douyin outperformed major rivals Alibaba and JD.com, which saw far lower growth.

Subscribe to unlock premium content

Each week we select most important sector news and statistic
so that you can be up to speed

Unlock content
Unlock content
Unlock content