The TikTok​ jump!

Media said the TikTok beat 2020 revenue target of 200 billion yuan, significantly higher than the 180 billion spread at the beginning of the year, which will be more than 40% higher than last year.

 To some extent, TikTok is beating like a huge "money printer ", and revenue is growing fast.

 In the first quarter of this year, TikTok-hopping achieved revenue of about $5.6 billion (about 40 billion yuan), a sharp increase of more than 130% over the first quarter of last year, when the epidemic was not affected, media sources said.

 TikTok beat set its 2020 revenue target at 200 billion yuan —— earlier this year, it was reported that its revenue target this year was 30-40% higher than last year, more than 180 billion yuan. but then the TikTok beat indicates "inaccurate information ".

 The TikTok beat never confirms the media coverage of its revenue figures. Earlier this year's news that "revenue in 2019 exceeded 140 billion yuan, an increase of nearly 280% year-on-year" was also echoed as "false news" by the company.

 According to the report, the overall revenue target for TikTok beat this year is to reach about half of its competitors Tencent —— last year, Tencent revenue close to 377 billion yuan.

 Tencent was founded in 1998, and the byte jump so far only "8 years old ", this "young man" ambition can be seen.

For today's media reports, the TikTok beat did not respond.

 The revenue from TikTok jumps comes mainly from advertising, which attracts gold owners through App including dithering and TikTok、 in today's headlines.

 China's advertising market grew slightly to 121.2 billion yuan in the first quarter of this year, according to research firm iResearch. By this rough calculation, the TikTok beat advertising market share is about 30%.

 Previously, from 2016's 6 billion advertising revenue to 2019 budget revenue of 120 billion, TikTok beat only took four years.

 Fast-growing revenue is thanks to a surge in downloads from the group's various apps. Among them, quiver and its overseas "cell brother" TikTok more than 2 billion downloads worldwide.

 The number of downloads TikTok reached 315 million in the first quarter alone, setting a single-quarter download record for any App in the world and setting its own 205.7 million world records in the fourth quarter of 2018.

 The surge in key performance indicators has pushed forward the jump in valuations, which have so far reached between $95 billion and $140 billion.