Forgot password?

We love free and open web!

Author Topic: Byte Dance Shows Revenue Soaring 111% in 2020 as Active Users Hit 1.9 Billion  (Read 402 times)

Offline limited

  • Newbie
  • *
  • Posts: 38
    • View Profile

CNBC news agency reported that Chinese company ByteDance, which owns the popular TikTok platform, saw its revenue in 2020 more than double the year on year.
The  สล็อต report said that Byte Dance's 2020 revenue was $343 billion, up 111% year-over-year. Gross profit rose 93% to $19 billion.

Byte Dance had 1.9 billion monthly active users at the end of 2020, including all platforms. This includes the Tik Tok, Douyin, Toutiao and others applications.

This soaring figure underscores the potential of Byte Dance. And that's why this private company is worth $100 billion.