<p class="MsoNormal">While TikTok is what ByteDance is best known globally, the short video format platform contributes little to the overall revenue of the Chinese entity. Douyin, the Chinese version of TikTok, contributes nearly 60% of ad revenues, followed by news aggregator Jinri Toutiao at 20% and long-form video platform Xigua at less than 3%.</p>
