Dec 19, 2023 06:01 AM

BUSINESS

TikTok the First Non-Game App to Hit $10 Billion User Spending Milestone

By Guan Cong and Han Wei

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What’s new: Video-sharing platform TikTok has generated $10 billion in users’ spending, becoming the first non-gaming app to hit the milestone, according to market data provider data.ai.

The seven-year-old infotech brand is on track to see its revenue reach $14.6 billion in 2024, making it the highest earning mobile app ever, said a report by data.ai released Monday.

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