TikTok aims to hit $500 million revenue mark in US this year
Short-video app TikTok saw a major growth boost last year, emerging as the second most downloaded app of 2019. In the process, it also earned $200 million to $300 million in global advertising. This year, the video-making app aims to generate $500 million in the US alone. TikTok's parent company ByteDance, which is valued at $75 billion, already has a big presence in Asia. Hence the growth goal in the USA points to a large growth scale. - 52 Chinese apps red-flagged by Indian Intel agencies; TikTok, ShareIt, UC Browser, Clean Master in list
For making money, TikTok follows the Silicon Valley formula.
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