【Canada】
TikTok and CanadaDouyin owner ByteDance is expected to achieve $110 billion in sales this year, as reported by Bloomberg on Wednesday, which cited a source with knowledge of the matter. The figure likely surpasses that of Tencent, the Chinese tech giant that generated $63.5 billion in the first three quarters of 2023. ByteDance’s growth rate this year is approximately the same as the 30% it achieved in 2022, according to the report. Although it’s unclear how well the Beijing-based company will perform in terms of net profit, the impressive revenue already demonstrates ByteDance’s resilience in a year when its flagship app TikTok faced security scrutiny in the US and a temporary suspension of e-commerce operations in Indonesia. [Bloomberg]
Search
Categories
Latest Posts
Outdoor speaker deal: Save $20 on the Soundcore Boom 2
2025-06-26 05:45180+ Cyber Monday gaming deals: 30% off PlayStation Plus
2025-06-26 04:01Best Sony headphones deal: Over $100 off Sony XM5 headphones
2025-06-26 04:00Popular Posts
'The Last of Us' Season 2, episode 4: Why Ellie sings 'Take on Me'
2025-06-26 05:03TikTok Series is a new way to pay creators on the app
2025-06-26 04:51Simply Impossible
2025-06-26 04:11Contingent No More
2025-06-26 03:42Featured Posts
Best iPad deal: Save $132 on Apple iPad (10th Gen)
2025-06-26 05:52Cyber Monday streaming deal: 15% off Disney+ gift cards
2025-06-26 04:44Popular Articles
Today's Hurdle hints and answers for May 12, 2025
2025-06-26 06:07Cyber Monday streaming deal: 15% off Disney+ gift cards
2025-06-26 05:14What is a 'canon event' TikTok trend from 'Spider
2025-06-26 05:00Best Cyber Monday Apple AirTags deals in 2023
2025-06-26 04:58Best robot vacuum deal: Save $200 on Eufy X10 Pro Omni robot vacuum
2025-06-26 04:49Newsletter
Subscribe to our newsletter for the latest updates.
Comments (545)
Wisdom Convergence Information Network
Best speaker deal: Save $30 on the JBL Clip 5
2025-06-26 06:04Palm Information Network
Can Blackpink's Jennie save 'The Idol' from itself?
2025-06-26 05:58Treasure Information Network
New Dyson products 2023: The new cordless vacuums are officially available to buy
2025-06-26 05:14Free Roaming Information Network
Becoming Radicalized: An Interview With John Wray
2025-06-26 04:55Exciting Information Network
NYT Connections hints and answers for May 18: Tips to solve 'Connections' #707.
2025-06-26 04:35