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TikTok creator and comedian Khabane Lame officially surpassed dancer Charli D’Amelio as the most followed content creator on the platform in December 2023. Lame, who is based in Italy, reached 162 million subscribers. Influencer Charlie D'Amelio followed closely in second position with 151.6 million followers and singer Bella Poarch ranked third, with a total of 94 million followers.
TikTok global users
Popular video-sharing platform TikTok has gained immense popularity globally. As of January 2023, TikTok had over one billion monthly active users, making it one of the most widely used social media platforms worldwide. Around 54 percent of the total user base on TikTok were women, while approximately 46 percent of the popular social video platform users were men. In addition, TikTok has become a go-to platform for young people. As of the beginning of 2023, most of TikTok's global user base consisted of younger age groups, with 21.5 percent of TikTok's users being women aged between 18 and 24 years.
TikTok usage and audience
Since its launch in 2016, TikTok’s audience has increased significantly. As of January 2023, the United States and Indonesia were the countries with the largest TikTok audiences. The United States led with 113 million users, followed by Indonesia with 109 million users. The app has managed to catch users’ attention and keep its base entertained. So much so that, as of the second quarter of 2022, global users were spending around 95 minutes daily on TikTok, making it the most engaging among social media apps. Additionally, TikTok has quickly become one of the most popular platforms across different app stores. In September 2022, the video app had almost 24 million downloads on Google Play Store, making it the most downloaded app for Android users worldwide. In contrast, TikTok was the second most downloaded app on Apple App Store, with approximately 7.5 million global users downloads in the same month.
Nintendo Switch was the best-selling video game console worldwide in 2022, selling over 19 million units across the globe. One of the latest entrants to the market, the Sony PlayStation 5, sold around 13.9 million units in 2022. As of November 2023, PlayStation 5 was the most selling current-gen game console globally.
While the term “console wars” was originally coined to describe the rivalry between Sega and Nintendo in the video game market during the 1980s and 1990s, the modern usage refers to the battle for supremacy between the PlayStation and Xbox brands. The most recent battle between these console giants has been fought out between their eight-generation consoles, the PlayStation 4 and the Xbox One. However, while PlayStation 4 sales in Europe reached more than 45 million units alone, Microsoft’s global Xbox One Sales are yet to reach 60 million units worldwide. This duel has also turned into a three-way battle thanks to the enormous success of Nintendo’s hybrid video game console, the Nintendo Switch. Despite being released over three years later than its rivals, Switch global sales have already reached over 125 million units worldwide, with over a third of the regional console sales occurring in North America.
This fight for supremacy shows no signs of slowing down with the next battle of the console wars upon the horizon. Following years of speculation, both Sony and Microsoft released their next-generation consoles in the lead up to the 2020 holiday season as PlayStation 5 and Xbox S respectively. Sony continues to have the upper hand, as sales of its PlayStation 5 hit over 38 million units as of 2022. In comparison, estimates have Microsoft’s Xbox X/S Series sales at around 21 million units as of April 2023.
In 2022, China was the leading exporting country of Christmas tree lights globally, with exports of such articles amounting to over 944.6 billion U.S. dollars. Cambodia and the Netherlands were other key suppliers of Christmas tree lights worldwide.
The Christmas market in the city of Budapest, Hungary, ranked as the best European Christmas market, according to a survey conducted at the end of 2023. Craiova's market followed second on the list that year, with a difference of over 7.6 thousand votes.
The Christmas market tradition originated in the German-speaking area of Europe around the Medieval age.
In the United Kingdom (UK) in 2023, Aldi was the cheapest food retailer to purchase Christmas dinner from. Ingredients for a Christmas dinner from Aldi cost an average of 33.80 British pounds, followed closely by Lidl at 33.84 British pounds.
A 2023 survey showed that the majority of UK consumers intended to have roast potatoes as a part of their Christmas dinner. Roast potatoes were the most popular dish by far. Turkey was the most popular meat, with about 62 percent of consumers saying they were planning to eat it on Christmas. Christmas spending
Although gifts comprise the majority of Christmas spending in the UK, food is still a significant expenditure for many adults. In 2022, food and drink were the second-largest expense after gifts: average household expenditure on food and drink during the Christmas period reached 100 British pounds. On average, consumers spent the same amount on socializing as food and beverages. London's consumers spent the most during Christmas, with just over 973 British pounds spent per person.
In September 2023, Microsoft Sites handled 2.69 percent all search queries in the United States. During the same period, Verizon Media (formerly known as Yahoo and Oath) had a search market share of 11 percent. Market leader Google generated 61.4 percent of all core search queries in the United States.
In November 2023, ten percent of survey respondents said that the most important problem facing the United States was the high cost of living and inflation. Another 19 percent said that the government and poor leadership was the most serious problem for the nation.
As of December 2023, transactions with Bitcoin were offered by 32 crypto-asset exchange service providers and financial instruments business operators in Japan, making it the most frequently offered coin. A total of 87 different virtual coins were offered in Japan.
Around 28 cryptocurrency exchanges were registered with the Financial Services Agency (FSA), Japan’s financial market regulator. Binance Japan handled the largest number of coins, followed by bitBank and BitTrade.
Due to tight regulations regarding the launch of new cryptocurrencies, Japanese trading platforms often offer fewer coins than their international counterparts. To facilitate listings of the most common coins, such as Bitcoin and Ethereum, Japan’s self-regulatory body for the cryptocurrency industry, JVCEA, launched a green list of pre-approved tokens in 2022.
Japan is not only known for its early adoption of cryptocurrency but also for being a forerunner in regulating the crypto industry. The first legal framework for the cryptocurrency industry was passed as early as 2016. Since then, the FSA has gradually tightened regulations. This is the result of two major hacking incidents at Mt. Gox and Coincheck in 2014 and 2018, in which crypto assets worth billions of yen were lost. Although the regulations are seen as progressive, they are also believed to hinder the growth of the industry.
In November 2023, the monthly inflation rate in China ranged at -0.5 percent compared to the same month in the previous year. Inflation peaked at 2.8 percent in September 2022, but has eased recently. The annual average inflation rate in China ranged at 2.0 percent in 2022.
China’s inflation in comparison
The term inflation means the devaluation of money caused by a permanent increase of the price level for products such as consumer or investment goods. The inflation rate is most commonly measured by the Consumer Price Index. The Consumer Price Index shows the price development for private expenses based on a basket of products representing the consumption of an average consumer household. Compared to other major economies in the world, China has a moderate and stable level of inflation. The inflation in China is on average lower than in other BRIC countries, although China enjoys higher economic growth rates. Inflation rates of developed regions in the world had for a long time been lower than in China, but that picture changed fundamentally during the coronavirus pandemic with most developed countries experiencing quickly rising consumer prices.
Regional inflation rates in China
In China, there is a regional difference in inflation rates. As of August 2023, Inner Mongolia experienced the highest CPI growth, while Hainan province reported the lowest. In recent years, inflation rates in rural areas have often been slightly higher than in the cities. According to the National Bureau of Statistics of China, inflation was mainly fueled by a surge in recreation and education prices in recent months. The price gain in other sectors was comparatively slight. Transport prices have decreased recently, but had grown significantly in 2021 and 2022.
Google's Android is the leader in the mobile operating system market in Africa, accounting for an 84.9 percent share in November 2023. Apple's iOS is Android's only major competitor in the region, with a 13.3 percent share in the same period.
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