Bytedance Revenue

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

Bytedance revenue. Tiktok derives revenue by showing users ads. Together they have raised over 201b between their estimated 306k employees. Chinese tech giant bytedance has recorded roughly 40 billion yuan us56 billion in revenue for the first quarter of 2020 reuters reported citing two people familiar with the matter. Bytedance could fetch a valuation of between 150 billion and 180 billion in an initial public offering a premium relative to sales of as much as 20 to social media giant tencent thanks to a.

It came out with tiktok for people outside china in 2017 after. Bytedance was founded in 2012 and that year it launched the news app toutiao. This was the lower end of its revenue target for the years. Bytedance also posted a profit in june and.

Bytedance has set a 2020 revenue target of about 200 billion yuan the other person said. Bytedances revenue target for 2019 was to double this to 148 billion. Bytedance has set a 2020 revenue target of about 200 billion yuan the other person said. The first person said bytedance aims to reach revenue half that of rival tencent holdings ltd 0700hk.

Bytedance is said to have generated more than us3 billion in net profit on more than us17 billion of revenue in 2019. Bytedance is reported have brought in 25 billion of revenue in total over 2017 rising to 72 79 billion in 2018 around 50 billion yuan. See insights on bytedance including office locations competitors revenue financials executives subsidiaries and more at craft. Chinas bytedance owner of video sharing app tiktok booked revenue of 7 billion to 84 billion in a better than expected result for the first half.

Bytedances revenue is the ranked 1st among its top 10 competitors.