TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside the US, Asia

TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside the US, Asia

ByteDance-owned international short video-platform TikTok has reported total revenue of US$4.6 billion in 2023, an increase of nearly 75 per cent from a year earlier, in markets excluding the United States, Asia and Oceania. TikTok, which has more than 1 billion users worldwide, attributed that rise to “the continued growth of [its] user base”, “enhanced … Read more

TikTok CEO Shou Zi Chew expects to defeat US ban threat: ‘We aren’t going anywhere’

TikTok CEO Shou Zi Chew expects to defeat US ban threat: ‘We aren’t going anywhere’

In 2020, Trump was blocked by the courts in his bid to ban TikTok and Chinese-owned WeChat, a unit of Tencent, in the United States. 02:15 Singaporeans fume over US lawmaker grilling of TikTok CEO Singaporeans fume over US lawmaker grilling of TikTok CEO Chew added: “Make no mistake – this is a ban on … Read more

TikTok responds to EU ultimatum on risks of new TikTok Lite app

TikTok responds to EU ultimatum on risks of new TikTok Lite app

A European Commission spokesman confirmed on Tuesday that it had received a reply from TikTok to an order to provide within 24 hours an assessment of mental health risks related to its new app, TikTok Lite. Monday’s legally binding order concerns the new app’s rewards scheme, which allows users to collect points by watching videos … Read more