Chinese tech giant ByteDance is reportedly targeting a 42% increase in ad sales this year in China to 260 billion yuan ($40 billion).

TikTok, a subsidiary of ByteDance, expects the size of its e-commerce business to reach 500-600 billion yuan ($76.6-91.9 billion) in 2021, and targets 680 million daily active users this year.

Source: https://www.bloomberg.com/news/articles/2021-04-16/bytedance-to-grow-ad-revenue-to-40-billion-ahead-of-ipo