ByteDance, the company owning several popular apps in China including TikTok and Toutiao, has surpassed Baidu in the first half of 2019, becoming China's second-largest digital advertising media business, according to the latest report of consulting firm R3.
ByteDance now accounts for close to a quarter (23%) of China's digital advertising market, close to 50 billion yuan in H1 2019.
Chart: China Digital Ad Market Share 2017-2019
Alibaba won the first place in digital advertising media ...
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