In 50 Words: TikTok’s Asia biz revenue doubles to $5.4b in 2022

NewsPremium

👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Add TIA as a preferred source

TikTok’s ecommerce arm, TikTok Shop, registered US$5.4 billion in revenue during 2022, roughly doubling from 2021.

Despite this, costs of sales outpaced revenue, rising to US$6.2 billion. The firm reported total losses of US$2.7 billion, up 18% year on year.

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies: