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

n of less than 9% of Kuaishou’s quarterly total sales, saw a significant year-over-year (YoY) growth of 54.6% in revenue, up from the previous quarter’s 40.2%. As of the end of the quarter, the e-commerce GMV on the company’s platform reached RMB17.51 billion, increasing 47.7% YoY.

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