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# TikTok's parent company ByteDance’s E-Commerce volume surged in 2022
- URL: https://www.techloy.com/tiktoks-parent-bytedances-e-commerce-volume-surged-in-2022/
- Published: 2023-01-23T17:09:09.000Z
- Updated: 2023-01-23T17:09:09.000Z
- Author: Emmanuel Oyedeji
- Tags: E-commerce, / TikTok

ByteDance’s gross merchandise volume in China grew 76% to $208 billion in 2022, according to a report by *The Information,* citing unknown sources, with knowledge of the internal data. 

Consumers in China reportedly spent $208 billion (1.41 trillion yuan) buying things on ByteDance’s Douyin video app, the Chinese equivalent of TikTok, in 2022, an increase of 76% from 2021.

Meanwhile, the company's gross merchandise volume in Southeast Asia, grew to $4.4 billion as shoppers on TikTok in the region more than quadrupled their spending, the people said.

TikTok’s Chinese parent company, ByteDance, is now making plans to step up its e-commerce efforts to replicate its growth in the U.S., Brazil, Spain, and Australia.

However, this growth comes at a time when [TikTok is facing what could be a possible ban in the U.S.](https://www.techloy.com/texas-bans-tiktok/), where some lawmakers are trying to push the ban of the app due to national security concerns.