NEW REPORT SHOWS IN-APP SPENDING ON TIKTOK CONTINUES TO RISE
TikTok users spent $3.8 billion on the app in 2023, up 15% YoY. The growth is mainly driven by in-app purchases such as TikTok Coins, which are the biggest money earner at present. Despite the slow growth of in-stream shopping outside China, TikTok continues its expansion into a wider e-commerce space.