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ByteDance鈥檚 revenues grew 29% to $155 billion in 2024, following TikTok driving a worldwide expansion that offset economic downturns in China. Internationally, sales grew 63% to $39 billion, roughly contributing a quarter of its topline. Despite this, overall growth is still much slower than 2023.

Social commerce on TikTok in the country is limited to transactions triggered by in-app display ads but completed off-platform on retailer sites. Video Shopping Ads are available in Canada, requiring retailers to establish a catalog within TikTok鈥檚 business dashboard (rather than using a TikTok Shop account, a feature available only in the US, UK, and six countries in Asia, or via Douyin in China.).

South China Morning Post. Tech in Asia. YouGov. ZDNet.

One thing that I was talking about with someone from a company based in China about was social commerce. And one of the inhibitors there that they're seeing now is that the returns, when it comes to social commerce, actually tend to be quite high because you've got so many impulse purchases. And so she was curious to hear whether we expected to see the same thing as it started to take off here.

Nearly five years since hundreds of Chinese apps were banned from India鈥檚 app stores, some can be found in the country鈥檚 Apple Store and Google Play once again. Will this open the door for other previously banned Chinese apps?

Walmart looks to accelerate its ecommerce business in China: Working with Chinese delivery app Meituan should boost the retailer鈥檚 visibility and sales.

The Biden administration wants to quickly advance plans to abolish the import tariff loophole for goods shipped directly to consumers from China, which helps keep prices low, while President-elect Trump has proposed massively higher tariffs on Chinese goods.

Key Stat: YouTube鈥檚 2.50 billion monthly active users worldwide outnumber those on all other digital platforms despite being unavailable in China, the biggest market in the world. This report can help you:. Develop media strategy and allocate budget for campaigns (brands and agencies).

The wallet has pushed to capture more payment volume from inbound travelers to China and Chinese travelers abroad

Beyond the chart: China is absent from this ranking as its social users are on TikTok鈥檚 sister app, Douyin. This year, Douyin鈥檚 penetration among social users in China will be 77.4%, far higher than TikTok鈥檚 penetration in any country, per our forecast. Douyin is also a retail powerhouse in China, but TikTok users in the US have been slower to adopt social commerce.