TikTok and Chinese version Douyin recorded more than 738 million downloads in 2019 across Apple’s App Store and Google Play in 2019.
Bytedance is set to shove Baidu aside as the B in BATs, and is taking a bite out of Tencent’s ad revenue. Why? Its ads are just more effective.
Tech monopolies in China aren’t a mirror image of Silicon Valley—rather than walled gardens, think competing fiefdoms and proxy wars.