Continue To Dominate The Rankings! TikTok Made $128 Million In January, Soaring 380% Year-on-year

As of December 15, 2020, TikTok's annual revenue reached US$1.26 billion and its downloads reached 960 million times. It won the title of revenue and downloads champion in the global entertainment application list, and is a veritable "double crown"! Now that 2021 has quietly entered February, how has TikTok performed in the first month of the new year?

TikTok made $128 million in January, 3.8 times the same period last year

On February 4, Sensor Tower, a mobile application business intelligence analysis agency, announced the global non-game application revenue rankings for January this year on its Twitter account. TikTok, YouTube, Tencent Video and iQiyi are all prominently listed.

And TikTok is still very competitive, once again becoming the world's highest-grossing non-game application with application revenue of US$128 million, an increase of 3.8 times compared with January last year.

It is worth mentioning that since surpassing YouTube in April last year, TikTok has been "occupying" the position of the highest-grossing app among non-game apps in the world. TikTok's global downloads have also topped the list since April last year. Except for being briefly surpassed by YouTube in August, it has ranked first for the rest of last year.

Revenue accounts for 8%, and the United States is still TikTok’s largest overseas market

82% of TikTok's revenue comes from its Chinese version of the Douyin App, while the U.S. and Turkish markets contributed 8% and 2% respectively. In December last year, the U.S. market revenue contribution accounted for 7%. It can be seen that despite the crackdown and pressure from the Trump administration, the United States is still TikTok’s largest overseas market, and TikTok still maintains a high degree of influence and user loyalty in the U.S. market.

"TikTok's strong performance shows that the US crackdown is more like a 'paper tiger' and will not hinder the technological development of Chinese companies," Liu Dingding, a senior industry observer in Beijing, said last Thursday, according to the Global Times.

Industry observers expect that the new U.S. President Biden will approve a previous proposal to allow TikTok to jointly create a company with local partners in the United States to manage users’ data information. TikTok’s parent company ByteDance will continue to retain its rights. Control of core competitive technology algorithms.