TikTok continues to post monstrous profits
TikTok writer ByteDance has made a revenue of at least 25 billion {dollars} (23 billion euros) in 2022. That’s $14 billion greater than in 2022.
There appears to be no finish to the expansion of the Chinese language video app. The figures come from the British enterprise newspaper The Monetary Instances. In any case, ByteDance doesn’t publish its annual figures itself. As a social medium, TikTok managed to draw a variety of advertisers, which explains the sturdy revenue figures. As well as, more cash additionally got here in from different components of the Chinese language social media large.
TikTok is greater than Alibaba
To place it in perspective: TikTok writer ByteDance is turning into a lot greater than on-line retailer Alibaba (AliExpress), which was in a position to e book a revenue of $ 22.7 billion final 12 months.
Nonetheless, Western mistrust in TikTok has elevated enormously in current months. After the US authorities banned its staff from putting in the app on their work cellphone, Belgium, the Netherlands and France, amongst others, did the identical. A high government of TikTok testified a number of weeks in the past earlier than the US Congress that ByteDance doesn’t go on consumer information to the Chinese language authorities, though it couldn’t provide any agency ensures.
/i/2005967210.webp?resize=210%2C150&ssl=1)
