ByteDance

Data may provide clues about current consumer confidence in China.

The global market for video games is forecast to reach USD 159.3 billion this year, with mobile games making up about half of that.

TikTok’s owner set an annual revenue goal of RMB 200 billion, while more than 80% of its 2019 revenue was from online advertising.

The growing sector gives video-sharing platforms an opportunity to gain presence in the e-commerce industry.

Less than 1% of music streamers in India pay for the paid subscription, but that is about to change.

Last year, ByteDance signed a strategic cooperation agreement with the Shenzhen government to set up a Greater Bay Area headquarters in the city.

Vigo Video will cease operations as TikTok, ByteDance’s flagship app, faces hurdles in India, its biggest overseas market.

The Beijing-based firm might steal Baidu’s position in China’s BAT triumvirate.