ByteDance profit jumps 60%, taking it past archrival Tencent: sources

businesstimes04-10

BYTEDANCE’S profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent and Alibaba Group in a sign of the TikTok owner’s resilience in the face of an economic downturn.

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment