Tiktok owner’s digital advertising revenue surpasses Tencent and Baidu

ByteDance is China's most valuable startup today.


Ismawati Asmat

26 Nov, 2019

Tiktok owner’s digital advertising revenue surpasses Tencent and Baidu | BEAMSTART News

- From our Sponsors -

ByteDance took 23 percent of all digital media spend in the first semester of the year, while Baidu and Tencent took 17 percent and 14 percent of digital media spending, respectively, for the same period.

Besides competition from rivals like ByteDance, Baidu and Tencent both struggled with an economic slowdown that is forcing Chinese companies to cut their ad budgets.

ByteDance was established in 2012 by Zhang Yiming and is now reportedly worth $75 billion, making most of its money from advertising.

ByteDance’s apps is said to have 1.5 billion monthly active users and 700 million daily active users globally.

Compared to the same period last year, ByteDance’s revenue jumped 113 percent for the first six months in 2019 with the most growth came from TikTok’s Douyin and ByteDance’s Jinri Toutiao.

Douyin and Toutiao are expected to see inflation in their digital media rate cards (the advertised price a media outlet charges for ad placements on their site or app) of 10 percent in 2020.

- From our Sponsors -

Latest Jobs

Product Intern

Flagright

Berlin, Germany, United States

Internship

USD 1620 yearly

Founding Engineer

Anakin

New York, United States

Full Time

Salary Undisclosed

Fullstack JS Engineer

Zorba

Tel Aviv-Yafo, Israel, United States

Full Time

Salary Undisclosed

Senior Full Stack Engineer

Genei

London, United Kingdom, United States

Full Time

USD 80 — USD 100 yearly

Account Executive (Sales Head)

Scispot

Kitchener, Canada, United States

Full Time

Salary Undisclosed

Software Engineer (TypeScript / Node.js)

Paragon

Los Angeles, CA, United States

Full Time

USD 160000 yearly

Product Manager, Identity

Middesk

San Francisco, United States

Full Time

Salary Undisclosed

Founding Engineer

Windmill

Paris, France, United States

Full Time

USD 70000 — USD 110000 yearly

Frontend Engineer

Cofactr

New York, United States

Full Time

USD 140000 — USD 165000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).