Douyin Local Life GMV Tops 100 Billion Yuan in H1, Less than…

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BEIJING, August 9 (TiPost)— TikTok’s Chinese version Douyin is facing more challenges in expansion of the local services when the Covid-19 restrictions were lifted.Credit：Visual ChinaThe gross merchandise value (GMV) of Douyin’s local life service division topped RMB100 billion in the first six months of this year, mainly driven by dining and other in-store services as well as travel and hotel