Bytedance's TikTok is the most popular mobile app in the first half of 2020 in the global markets outside China with close to 600 million downloads with an increase of 88.7% YoY. Half of the Top 20 are owned by three Chinese companies: Bytedance, Joyy, and Kuaishou (Kwai). Xiaomi's app made it to Top 10.
India, Brazil, and the United States are TikTok's top 3 markets, accounting for 27.5%, 9.6%, and 8.2% according to research company SensorTower. TikTok has become an important channels for the youth to record and share their life.
Bigo Live, a live streaming app owned by Joyy (NASDAQ:YY), saw 58 million downloads in H1 2020, with an increase of 48.2% YoY; its top 3 countries are India, Indonesia and Pakistan, accounting for 23.6%, 10% and 6.5% respectively.
Xiaomi's short video ...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time