TikTok expected to receive $23 billion in 2024, an increase of more than 40 per cent over the same period

A report released on Wednesday by the data analysis agency indicated that TikTok, a short video social platform, continued to explode in overseas markets. Revenues are expected to reach $23 billion throughout 2024, an increase of more than 40 per cent over the same year, with advertising contributing nearly 80 per cent of revenues, with the remainder coming from electricians and in-service purchases.