TikTok Chinese Sister Douyin Triples E-Commerce Volume in A …

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BEIJING, May 31 (TMTPOST)— Douyin, one of the most popular Chinese short video apps owned by TikTok’s parent ByteDance, is accelerating its expansion into the world’s largest e-commerce market.Source: Visual ChinaIn the past year, or, from May, 1, 2021 to April, 30, 2022, the e-commerce gross merchandise value (GMV) on Douyin’s platform was 3.2 times more than the same period a year earlier, a