TikTok’s Owner Doubles Sales to $35 Billion Despite U.S. Ban

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TikTok’s Owner Doubles Sales to $35 Billion Despite U.S. Ban

Bloomberg2021-01-27

(Bloomberg) -- ByteDance Ltd.’s revenue more than doubled to about $35 billion last year, defying heightened global competition and Trump’s attempt to ban its signature video service TikTok in the U.S...

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dessyag
·2021-01-28
wow
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Joannee
·2021-01-28
Wow!
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- Qingsheng:
  Wah
  2021-01-28
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Eugenetjw
·2021-01-28
It just gets higher and higher
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KernYang
·2021-01-28
Just doing my daily task
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lh0ngl
·2021-01-28
Gg
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penny_aapl
·2021-01-28
Oh wow
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SANTANA
·2021-01-27
Can buy now?
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VinnyVin
·2021-01-27
Tiktok really took the world into a big storm
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jervis43
·2021-01-27
Unstoppable
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TikTok was among a clutch of services permanently banned after the latest skirmish, forcing its Chinese owner to scale back in the country, once its largest market globally.“We have steadfastly worked to comply with the Indian order from June, even as we disagreed with it,” TikTok said in an emailed statement Wednesday. “Given the lack of feedback from the government about how to resolve this issue in the subsequent seven months, it is with deep sadness that we have decided to reduce our workforce in India.”As the TikTok and Indian sagas raged, Zhang has put more effort into nascent Chinese-focused businesses from gaming and education to e-commerce, while fine-tuning ByteDance’s management structure, the person said, asking not to be identified discussing internal matters.During a December town hall meeting attended by ByteDance’s 100,000-plus employees, Zhang said TikTok’s user growth slowed in 2020’s second half because of new competition from Youtube and Snap Inc., according to attendees who asked not be identified discussing private events. 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