Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Tech
»
1-min read

TikTok Users Spent Over $10 Million in June 2019

While India is TikTok's largest market, the growth in spending was driven by users in China, where gross revenue for the app has increased 271 per cent since January.

IANS

Updated:July 23, 2019, 9:29 PM IST
facebookTwitterskypewhatsapp
TikTok Users Spent Over $10 Million in June 2019
Representative Image
Loading...

User spending on short video-sharing app TikTok reached $10.8 million last month from $1.6 million in June 2018, recording a year-over-year growth of 588 percent, says a new report from Sensor Tower, a mobile app intelligence firm. Spending in the app owned by Beijing-based start-up ByteDance increased 19 percent month-over-month from $9 million in May, said the report.

While India is TikTok's largest market, the growth in spending was driven by users in China, where gross revenue for the app has increased 271 percent since January.

"Chinese users accounted for 69 percent of TikTok's in-app revenue last month, up from 30 percent in June 2018," Sensor Tower Founder Oliver Yeh wrote in a blog post on Monday. "Last month's record spending comes as TikTok is testing several enhancements to its user experience, some inspired by rival Instagram," Yeh said. "TikTok has grossed $113 million from in-app purchased to date, not including spending on third-party Android app stores such as those in China," he added. Globally, the short video-sharing app has been installed 1.27 billion times so far, according to Sensor Tower.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results