TikTok's gross merchandise volume (GMV) for its e-commerce business in the first half of 2022 exceeded $1 billion, which is equivalent to the full-year volume the platform saw in 2021.
In the first half of this year, the gross merchandise volume (GMV) of Douyin's local life business reportedly totaled about 22 billion yuan ($3.28 billion).
Mobile application data analysis company Sensor Tower released a report on July 8 claiming that Douyin and its overseas version TikTok earned more than $283 million in June from the App Store and Google Play.
Louis Yang, the first head of ByteDance Education Hardware Business, left the job last week.
Douyin, the Chinese mainland version of ByteDance's TikTok, is conducting limited testing for a new function of "automatically playing the next video," instead of replaying the current video content.
Soda Music, a music platform owned by ByteDance's Douyin, is now available on all major app stores and is open to all users.
During this season's ongoing National Basketball Association Finals, Kuaishou, a Chinese short video platform and strategic partner of the NBA, has laid out a diverse content matrix for its users.
Augmented reality filter management platform Camera IQ announced Thursday that it will cooperate with TikTok to launch support for AR functions within the popular video app's "Effect House."
Tencent Video, the video streaming division of Chinese tech giant Tencent, is now attempting to motivate content creators through user traffic and cash subsidies.
Eight U.S. states announced Wednesday that they have launched a nationwide bipartisan investigation into short video sharing app TikTok, which is owned by ByteDance.
Chinese short-video platform Kuaishou has recently set a target range between 900 billion yuan ($141 billion) and 970 billion yuan in GMV for its e-commerce operations.
Douyin recently tested the "Reward" function, which is another way for short videos creators to make money through content.
Kuaishou Music announced today that it will issue 10 million annual incentives at the end of 2021 to partners who supported Kuaishou in copyright-related fields in the past year.
On Wednesday, the China Netcasting Services Association released a document entitled "Detailed Rules of Online Short Video Auditing Standards," which is a revised version of a previous edition published in 2019.
Tencent has sent an email to ByteDance's Douyin on November 11, saying that the firm was trialling a project to gradually allow third-party creators to use some of its copyrighted content and creation tools in their works.