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Luxury brands are flocking to TikTok this year

Number of global users and growth trend- TikTok vs. Douyin. Image courtesy of Fashionbi Number of global users and growth trend- TikTok versus Douyin. Image courtesy of Fashionbi

 

Luxury brands are turning to emerging social networks TikTok and its Chinese version of Douyin as a new way to reach younger affluent consumers at a time when many are locked down at home and looking for entertaining content on their phones.