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In 2024, TikTok's profits in Australia will rise twofold.
Jin10 data reported on May 2, that TikTok's profits in Australia will double in 2024, with revenue doubling as well. Data shows that by December 31, 2024, TikTok's annual revenue in Australia will reach 679 million AUD (approximately 3.15 billion RMB), up from 375 million AUD the previous year; profits will be 31.2 million AUD, almost three times the 11.4 million AUD in 2023.