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Bytedance Revenue Source

Bytedance investors said to value tiktok at us50 billion in. It came out with tiktok for people outside china in 2017 after. Bytedance led by zhang yiming is becoming a viable rival to the dominant american online behemoths facebook inc.
bytedance revenue source

The first person said bytedance aims to reach revenue half that of rival tencent holdings ltd 0700hk.

Bytedance revenue source. Reuters previously reported china accounts for the bulk of bytedance revenue which one source said was around us16 billion in 2019. Tiktok derives revenue by showing users ads. The company is diversifying ad revenue sources and investing in content for its netflix style iqiyi to keep users and marketers from migrating to hotter formats like bytedances news app toutiao. Bytedances q1 revenue said to jump to 56b chinese tech giant bytedance has recorded roughly 40 billion yuan us56 billion in revenue for the first quarter of 2020 reuters reported citing.

Bytedance refuses to sell tiktoks us operations to microsoft sources claim oracle has won a partnership with the company reuters arn 14 september 2020 0945. Facebook unit instagram brought in about 20 billion in. Bytedance now accounts for around one fifth of online advertising revenue in china a larger share than tencent and the search engine baidu according to the research firm bernstein. Reuters previously reported china accounts for the bulk of bytedance revenue which one source said was around us16 billion in 2019.

Beijing based bytedance the privately owned operator of short video app tiktok booked around 40 billion yuan 564 billion in revenue for the january march quarter said two people with knowledge of the matter. Bytedance was founded in 2012 and that year it launched the news app toutiao. Bytedance has set a 2020 revenue target of about 200 billion yuan the other person said. The figure represents growth of more than 130 compared with the same period a year earlier said one of the people who declined to be identified as the matter is private.

Inside Bytedance The 75bn Unicorn Behind Tiktok Nikkei Asian Review

Inside Bytedance The 75bn Unicorn Behind Tiktok Nikkei Asian Review

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Bytedance Chinese Digital Giant And Owner Of Tiktok Reported To Have Revenues Of 17 Billion

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Bytedance S First Quarter Revenue Surges To Usd 5 6 Billion Equalocean

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