ByteDance’s revenue surged more than 30% to surpass $80-billion in 2022, matching the tally at archrival Tencent.
China has blocked the social media accounts of a nationalistic blogger who waged a campaign against a major Chinese tech firm.
ByteDance is suing Tencent Holdings over alleged monopolies in its WeChat and QQ platforms, escalating a feud between the leading Chinese social media giants.
TikTok-owner ByteDance is on track to generate at least $27.2-billion in advertising revenue in China alone this year, which will cement its number two spot in China’s digital ad market, sources said.
Every toy, gadget and item you see on YouTube could soon be for sale online – not on Amazon, but right on YouTube itself.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.