TikTok Said to Aim Tripling Ad Sales in 2022 after Raking in $4 Billion in 2021

ast November. According to the tech media, the TikTok owner’s revenue relatively slowed down as its sales in 2020 more than doubled to RMB250 billion, but it still had faster growth than other major social media competitors: Facebook and sister platforms under Meta posted a year-over-year (YoY) increase of 46% in revenue in the first nine months of 2021, while Tencent, the runner of two most popular social media apps WeChat and QQ, just rose 14% in the same period.

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