10 Apr ByteDance profit jumps 60% to US$40 billion, taking TikTok’s owner past arch-rival Tencent
Posted at 08:45h
in Asia
ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent Holdings and Alibaba Group Holding, in a sign of the TikTok owner’s resilience in the face of an economic downturn.Earnings before interest, tax, depreciation and amortisation jumped to more...