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Wednesday, Mar 03, 2021

TikTok-owner ByteDance said to have hit US$3 billion in net profit last year, showing brisk growth

TikTok-owner ByteDance said to have hit US$3 billion in net profit last year, showing brisk growth

ByteDance generated more than US$17 billion in revenue and more than US$3 billion in net profit last year, according to people familiar with the matter. The revenue for last year is more than double the company’s tally of about US$7.4 billion in 2018
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