Business

TikTok owner, ByteDance, sees earnings double in 2020

  ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm’s total revenue jumped by 111% to $34.3bn (£25.6bn) for 2020, reports the BBC. The figures underscore TikTok’s continued global popularity. It comes as ByteDance and several other Chinese […]

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