Bytedance’s revenue in 2020 more than doubled to approximately US$37 billion and operating profit exceeded US$7 billion, up nearly 1.3 times to 2019’s operating profits of US$3 billion, according to The Information citing people familiar with the matter. About 50% of the revenues of Douyin, ByteDance’s popular video app TikTok’s Chinese version app, in 2019 […]

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