Douyin adds 106 million users as Tiktok navigates uncertain future - Business Insider

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Douyin adds 106 million users as Tiktok navigates uncertain future - Business Insider
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Douyin's explosive growth comes in the context of China's continuing expansion of social network use

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Douyin added 106 million users in 2020, as overall social network usage in China reaches 97.3% of internet users. As ByteDance's international app TikTok navigates an uncertain political future abroad, its homegrown hit Douyin had another banner year.We estimate 2020 growth for China's leading short-form video platform will be more than triple our pre-pandemic estimate, at 24.3%, reaching 543.6 million monthly active users. This means that 65.0% of all mobile internet users in China are Douyin regulars.

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