Juro Osawa / The Information:
Sources: Douyin e-commerce spending in China grew 76% YoY to ~$208B in 2022; TikTok users in Southeast Asia more than quadrupled their spending to $4.4B in 2022 — TikTok’s Chinese parent company, ByteDance, is making inroads in e-commerce. Consumers in China last year spent 1.41 trillion yuan …
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