The company has outperformed rival Chinese and Silicon Valley firms at a time when it faces scrutiny over its links to Beijing
Tiktok-owner ByteDance’s profit hit $25 billion last year and surpassed that of other China technology giants Tencent and Alibaba for the first time, according to the Financial Times.
The reports illustrate the rapid rise of the controversial company, which has drawn scrutiny from America and European governments over its closeness to the Chinese state. Earnings before interest, tax, depreciation and amortization, or Ebitda, jumped 79 per cent to about $25 billion in 2022, the report ...
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok owner Bytedance’s profits hit $25bn last year as it beats rival tech firmsThe company has outperformed rival Chinese and Silicon Valley firms at a time when it faces scrutiny over its links to Beijing
Read more »
Coveney agreed to lobby European Commission on behalf of TikTok after banRecords show Minister for Enterprise undertook to follow up with the commission over its suspension of the app
Read more »
Coveney agreed to lobby European Commission on behalf of TikTok after banRecords show Minister for Enterprise undertook to follow up with the commission over its suspension of the app
Read more »
9 STELLAR Questions With Lauren Whelan | StellarWe caught up with the TikTok queen 👯♀️
Read more »
Coveney agreed to lobby European Commission on behalf of TikTok after banSimon Coveney agreed to make representations on behalf of TikTok to the European Commission after the company asked him to contact the agency over its decision to ban the app from official devices, the Business Post can reveal.
Read more »
Coveney agreed to lobby European Commission on behalf of TikTok after banRecords show Minister for Enterprise undertook to follow up with the commission over its suspension of the app
Read more »