TikTok is the international version of ByteDance's Douyin short** social platform, launched in May 2017, TikTok has achieved more than 1 billion global active users in only four years from its release to 2021. According to 2023 data, TikTok's monthly user growth rate is twice that of apps like Facebook and Instagram. Looking ahead to 2024, TikTok Shop plans to increase its annual GMV to $50 billion, with annual revenue expected to grow by 50% to $15 billion. 
How to withdraw TikTok in 2024.
According to the latest data, TikTok's consumer spending surpassed $10 billion in 2023, which is the first achievement in a non-gaming app. Prior to 2023, consumer spending on TikTok exceeded $6.2 billion, up $3.8 billion last year, up 61% from the start of the year and 15% from $3.3 billion in 2022. TikTok's consumer spending surpassed $1 billion in the first quarter of this year, and the numbers will continue to follow in 2024.
Although TikTok is currently the most popular short-form social platform in the world, there are still many competitors such as YouTube, Instagram and other platforms that are constantly developing, and TikTok needs to continue to innovate and break through itself. With the increase in the number of users, the platform will more strictly review the ** content posted by users, and for users who want to open a store on TikTok, it is necessary to ensure that the published content complies with the laws and regulations of the platform to avoid being misjudged by the platform and affecting the operation of the store.
The TikTok platform also said that it will vigorously support new users in the future and provide more high-quality policy support to merchants who want to do cross-border e-commerce on TikTok. However, at present, TikTok cannot be directly bound to domestic bank cards, and for the subsequent merchants to obtain income in TikTok Shop, they need to choose a third-party collection platform for foreign exchange settlement, and the commonly used platforms are windpayer (handling fee 0.).5%), Payoneer (fee 12%), etc. The third-party platform can provide personal and business accounts, which are convenient to operate and have a fast arrival time, which can help merchants accelerate the operation of funds and operate stores smoothly.
The above is all the content of the 2024 outlook of the TikTok platform, and the new information about TikTok will be shared with you as soon as possible, and I wish all TikTok merchants a great sale in 2024
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