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Also, from the article: "The investors’ bid values TikTok at 50 times its projected 2020 revenue of about $1 billion..." So that's a projected revenue growth
by basseq 6y ago
Also, from the article:
"The investors’ bid values TikTok at 50 times its projected 2020 revenue of about $1 billion..."
So that's a projected revenue growth of 465%. That's still projected, but a big number.
- rydre 6y agoProjected revenue for 2021 is $6b. $50B valuation is robbery at day sight by investors. TikTok's China sibling Douyin is projected to make $28 billion this year in China.
- pjc50 6y agoAstonishing - I take it tiktok is quite heavy on video advertising then? I'm surprised to see the advertising market be so lucrative within China.