Douyin e-commerce responded that "last year's GMV increased 76% year on year to 1.41 trillion yuan": false news

CTOnews.com, January 10, The Information quoted people familiar with the matter as saying that the total e-commerce transaction volume (GMV) of Douyin, which is owned by byte beat, reached $208 billion (1.41 trillion yuan) last year, an increase of 76% over 2021. The GMV of the The Information platform in Southeast Asia more than tripled to $4.4 billion last year.

Byte jump has discussed plans to strengthen its e-commerce business in more countries this year, including the US, Brazil, Spain and Australia, according to people familiar with the matter. TikTok launched its e-commerce function TikTok Shop in the United States in November last year, and users can buy goods through TikTok Shop in the application.

Thepaper.cn sought confirmation from the person in charge of Douyin e-commerce for the part involving Douyin e-commerce, who said it was false news.

Douyin e-commerce is byte's e-commerce platform, including Douyin, Toutiao, watermelon, Douyin volcanic version of multi-channel can be used, support for short videos, live streaming, merchant-on-demand, anchors with goods and other forms of cash.

In fact, byte jump and Douyin are not listed companies and never disclose their financial results publicly, but last year it emerged that byte jump internal data showed that its revenue in 2021 reached $61.7 billion (439.16 billion yuan), an increase of 80% from 2020. CTOnews.com has not yet seen a response, which can be regarded as real data.