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Apr 11, 2024 · ByteDance, which was founded in 2012, has experienced incredible growth in recent years, thanks especially to its social video apps Douyin and TikTok. Between 2019 and 2020, the company ...
Jun 17, 2021 · Arjun Kharpal @ArjunKharpal. Key Points. ByteDance’s revenue for 2020 totaled $34.3 billion, up 111% year-on-year. Its operating loss was $2.1 billion after posting a profit the year before. The ...
Apr 3, 2023 · ByteDance Ltd.’s revenue surged more than 30% to surpass $80 billion in 2022, matching the tally at archrival Tencent Holdings Ltd. after twin video platforms TikTok and Douyin drew eyeballs and ...
Jun 18, 2021 · ByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed. The company, which last year weathered pressure from Donald Trump ...
Apr 9, 2023 · ByteDance ’s profit came on the back of almost $85bn in sales in 2022, up more than 30 per cent from a year earlier, as advertisers increased spending on the fast-growing TikTok viral video ...
Nov 20, 2023 · ByteDance has faced strong geopolitical headwinds over the past few years. Its TikTok short video app has been banned on government devices in more than 30 states in the US, as well as in the ...
Dec 21, 2023 · ByteDance Ltd.’s sales surged in 2023 to more than $110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings Ltd. in a sign TikTok’s ...
