Byte beating in 2023 sales may reach $ 110 billion, Super Tencent： Douyin e -commerce promotes growth？
Source: Financial Tiger Network Author: Jinze
According to Bloomberg Society quoted people familiar with the matter, the sales of Chinese Internet giant bytes beating companies in 2023 exceeded $ 110 billion.This means that byte beating may exceed Tencent, and the latter's income this year is expected to reach $ 86 million.This shows that the e -commerce business that Douyin has just started is driving growth.
People familiar with the matter said that the growth rate of the world's highest market value startup was basically the same as that of 30%in 2022. At that time, the company's sales of more than 80 billion US dollars.
Earlier, it was reported that the byte beating company with Douyin and Douyin Company reduced the income gap with META in the second quarter of this year. In the quarter, the revenue was 29 billion US dollars, a year -on -year increase of 40%.
According to CB Insights research, byte -beating companies' current valuation is $ 225 billion, and it is also the world's most valuable private startup company.
Although the byte beating has not disclosed profit data, the Financial Times previously reported that the company's EBITDA in 2022 has soared by 79%to $ 25 billion.
According to data, 80%of the revenue of byte beating companies comes from the domestic market and the rest are from the international market.However, Tiktok's goal is to copy the local strategy of merging content with e -commerce in the market and other markets.
It is worth noting that Tiktok will invest $ 1.5 billion in TOKOPEDIA to acquire 75%of the shares of the e -commerce company.The huge transaction will revoke the Indonesian government's ban and allow Tiktok to operate its shopping department.
Byte beating may experience the strong growth brought by the video sharing platform, but it also faces the challenge in the field of video game.Recently, the company fired more than 1,000 employees of the game department Nuverse because the company plans to withdraw from the mainstream video game market.
In addition, the byte beating said on Tuesday that it has not negotiated with Alibaba on the acquisition of Hungry.