11:52 - 13.12.2023

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December 13, Fineko/abc.az. TikTok, a popular short video sharing platform that reached 1 billion monthly active users in 2021, became the first mobile app to generate a total of $10 bn in consumer spending in the Apple App Store and Google Play.

ABC.AZ reports that this became known after the investigation by Dota.ai.

Consumers in the U.S. and iOS users in China account for most of the in-app spending that has driven TikTok to the $10 bn milestone, as both markets generate 60% of revenue. These markets are being followed by other markets such as Saudi Arabia, Germany, the UK and Japan.