Chinese Advertising Generates $27B For TikTok’s ByteDance
PYMNTS
NOVEMBER 11, 2020
Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. A recent report forecasted that social commerce will reach $604.5 billion by 2027. . percent stake in TikTok’s U.S. operations.
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