TikTok and Douyin remain top grossing apps for 7 consecutive months.

The company generated $110 million in revenue in October 2020 alone.


Alfred Lee

10 Nov, 2020

TikTok and Douyin remain top grossing apps for 7 consecutive months. | BEAMSTART News

- From our Sponsors -

Popular video social networking app, TikTok (and it's China version, Douyin), have been dominating both Google and Apple's app store rankings.

Both the apps have been the top grossing apps on the store(s) for 7 consecutive months now, raking in over $115 million in revenues in the month of October 2020 alone.

Currently about 86% of the apps revenues originate from China, followed by 8% coming from the US.

The TikTok app, where users watch short videos of creators.

To put this into context, TikTok and Douyin's revenues are 6.2x what they were back in October 2019. 

This could partly be attributed to the pandemic, where nationwide lock-downs and curfews have resulted in a significant rise in the consumption of online entertainment .

In China, Douyin's daily consumption time for short video content was hitting as high as 110 minutes per user on average.

Both the apps combined have over 2 billion downloads today.

- From our Sponsors -

Latest Jobs

Sofware Engineer, AI/ML

Greenlite

California,

Full Time

Salary Undisclosed

Founding Team Member: Sales

Corgi

Illinois,

Full Time

USD 70000 — USD 150000 yearly

Product Lead - AI Platform

Vahan

Karnataka,

Full Time

USD 5000000 — USD 8000000 yearly

Senior Fullstack Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

AI-Native Engineer (Frontend/Full-stack)

Pincites

California,

Full Time

USD 135000 — USD 185000 yearly

Product Engineer (AI)

ClaimSorted

England,

Full Time

USD 69998 — USD 150000 yearly

Founding Engineer — Medical AI Agents

Dench.com

New York,

Full Time

USD 100000 — USD 200000 yearly

Software Engineer

Agave

California,

Full Time

USD 130000 — USD 240000 yearly

Business Operations

Giga

California,

Full Time

USD 100000 — USD 130000 yearly

Founding Private Equity Strategist

Keye

New York,

Full Time

USD 150000 — USD 250000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).