TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending
TechCrunch Daily Crunch
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TikTok Claims Historic Revenue Milestone Amid Growing Competition
This chapter explores TikTok's historic accomplishment as the first non-game app to achieve $6 billion in annual consumer spending, alongside its Chinese counterpart Douyin. It also covers competitive dynamics in the app market and noteworthy tech partnerships, including SoundCloud's collaboration with Live Nation.
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