ByteDance’s TikTok app logo is seen in this photo illustration taken August 22, 2022. Photo: Reuters
ByteDance’s TikTok app logo is seen in this photo illustration taken August 22, 2022. Photo: Reuters
Tencent

China’s Tencent, ByteDance defy headwinds at home to dominate global app revenues in first half

  • In the video game segment, Tencent pulled in US$2.6 billion in the first half alone, accounting for almost 10 per cent of the entire US$27 billion gaming app market
  • While the top 1 per cent of firms still wield outsize influence in mobile games, their dominance has weakened over the past three years, says SensorTower

ByteDance’s TikTok app logo is seen in this photo illustration taken August 22, 2022. Photo: Reuters
ByteDance’s TikTok app logo is seen in this photo illustration taken August 22, 2022. Photo: Reuters
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