We want to hear from you. It quickly started to gain traction in China and parent company ByteDance launched an international version the following year. A Division of NBCUniversal. In March 2021, Chew joined ByteDance as its chief financial officer. Images or B-rolls on this page may be used only for editorial purposes, and ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal. Available: https://www.statista.com/statistics/1342785/bytedance-key-quarterly-financial-figures/, Key financial figures of ByteDance in 1st quarter of 2022, Digital advertising revenue for major internet companies 2022-2026, Most valuable internet companies in China 2022, Number of app users of leading online companies in China 2022, Leading Chinese private companies with market value rise in 2022, Key financial figures of ByteDance Q1 2022, Revenue breakdown of ByteDance 2021, by segment, Estimated ad revenue of ByteDance 2016-2021, Estimated global ad revenue of ByteDance 2022, by platform, Leading apps in China 2022, by monthly active users, Most-followed influencers on Douyin in China 2022, Live streaming usage rate on Douyin (TikTok) in China 2020-2022, GMV of live streaming shopping on Douyin in China 2018-2022, Most successful Douyin sales influencers in China 2022, TikTok global monthly active users 2018-2021, Growth of TikTok Google Play downloads worldwide Q2 2022, by country, Most-followed English-language TikTok creators worldwide 2022, TikTok user engagement in selected markets 2020-2022, TikTok quarterly user spending worldwide 2020-2021, Highest-earning apps owned by ByteDance 2023, Most popular apps owned by ByteDance 2023, Monthly active users of leading short video apps in China 2022, Monthly active users of leading news apps in China 2021, Leading markets of ByteDance's Toutiao 2023, ByteDance: gaming apps mobile player spending worldwide 2021-2022, Number of ByteDance patents by filing year and legal status worldwide 2009-2021, Healthcare patents of technology companies Microsoft, Apple, and Google 2009-2017, Investor funding in digital health industry 2010-2022, Funding in top deals in digital health industry 2022, Investments in most active U.S. metro area in digital health industry 2022, Investment deal count in most active US metro area in digital health 2022, Investment deal count in digital health industry globally 2010-2021, Investments in most active global metro areas in digital health outside the U.S. 2021, Investment deal count in most active metro areas in digital health outside U.S. 2021, Alternative finance transaction volume per capita in Europe 2020, by country, Share of mobile app usage time in China 2022, by company, Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. "So it'll close down on Sept. 15 unless Microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so that the Treasury of the United States gets a lot of money," Trump said at that time.. Events & Presentations. ByteDance 2021 financials: $61.7bn revenues and a $7bn loss By. I just got a royalty check, right?That's the situationjust a passive shareholder who collects money and/or writes a check if the company is not doing well. TikTok was the most downloaded app in 2020 and 2021 and peaked at 318 million downloads in Q1 2020, a record for quarterly downloads outside of China. The Financial Times reported in August that ByteDance was seeking to go public in Hong Kong by early next year. It will have nothing to do with any outside land, any outside country, it will have nothing to do with China," Trump said. ByteDance Company Profile: Funding & Investors | PitchBook The net loss for the financial year ending December 2020 was $45 billion, and it was a TikTok is used by more women than men, but that gap is closing as it loses its stigma for being an app for teenagers and dancing. TikTok also faced having to sell its operations in the US to a holding company, which would have been controlled by Walmart and Oracle. or Bloomberg reported last week that ByteDances revenue surged more than 30 percent to surpass $80 billion in 2022, matching the tally at archrival Tencent, after twin video platforms TikTok and Douyin drew eyeballs and advertisers from social media incumbents. And even if they are taken down, Brems said it's a difficult process. Shou Zi Chew - Wikipedia We have collected data and statistics on TikTok. Short video app Douyin, owned by TikTok owner ByteDance, is one of the main sources of the Chinese tech giant's revenue overall, Reuters previously reported. Sign up for free newsletters and get more CNBC delivered to your inbox. ByteDance was considering an IPO of all or some of its businesses in the U.S. or Hong Kong, the Wall Street Journal reported on Monday. ByteDance financials data including stock price, CreditSafe score, income statement, and acquistions and subsidiaries. Zhangyue Technology is a China-based developer of the iReader e-book reader. ByteDance Get the full list "It's like whack a mole there's hundreds of accounts," selling scam items, Brems told the FT. "Most people will not fall for it, but if an account is seen by enough people, eventually some people will buy. For more information read our Terms & Conditions. WebIn 2015, Chew joined smartphone giant Xiaomi as its chief financial officer. It is expected to surpass 1 billion monthly active users by the end of 2021. WebSEC Filings. Learn more about how Statista can support your business. Just Dont Call Them NFTs. TikToks spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year. ByteDance Financials | Craft.co ByteDance | Financial Times The Chinese internet company has managed to find success internationally with TikTok, the short video app popular for dancing and lip syncing. Advertising is a key part of ByteDances revenue on its platforms, but it has started pushing into new areas such as gaming and is pitting itself against some of Chinas other tech giants like Tencent. ByteDance says it Customer Service. In 2019, India and Pakistan banned it for morality issues, with both bans being rescinded after a while. ByteDance, TikToks Chinese parent, reports a record profit About Snap. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services., 2023 CNBC LLC. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Total number of investment firms and individual investors, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Oracle and Walmart said in a joint statement on Saturday that the global TikTok business will pay over $5 billion in new taxes to the U.S. Treasury Department., ByteDance clarified on Monday, however, that this is just a "forecast" of corporate taxes and other taxes that TikTok Global will need to pay for business development over the next few years. TikTok Owner ByteDances Revenue Growth Slowed Last Year "Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. ByteDance has raised a total of $9.5B in funding over 12 rounds. The news comes after Chinese regulators launched a cybersecurity review into Didi, which listed on the New York Stock Exchange last month. 2022 The Business of Fashion. In March 2021, Chew joined ByteDance as its chief financial officer. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Butbecause 40% of ByteDance is owned by U.S. venture capital firms, the Trump administration can technically claim TikTok Global is now majority owned by U.S. money. We support credit card, debit card and PayPal payments. Published on 18 Apr 2022 ByteDance visited SCRIPTS. These accounts are benefiting from TikTok's lax content moderation policies and algorithms, FT says. Check if your Migrants find tips on Chinese version of TikTok for long trek to TikTok ban is the least palatable of options | Reuters He subsequently replaced TikTok CEO Kevin A. Mayer, who left the ByteDance subsidiary after three months on the job. ByteDance Stock Price, Funding, Valuation, Revenue & Financial Now that TikTok users are beginning to catch on, Mo's team has moved to selling legitimate goods on TikTok's marketplace being rolled out in the US. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); TikTok reached one billion users in the third quarter of 2021 and is expected to reach 1.8 billion by the end of 2022. ByteDance can afford to be patient with the lossmaking Western app thanks to its lucrative Chinese version, Douyin. The I didn't have any access to the company's information. WebByteDance Media Assets Due to the volume of requests, we can only respond to members of the press. TikToks China-based parent company ByteDance said on Thursday that a small group of employees inappropriately obtained personal data of US TikTok users and are no longer employed at ByteDance. He added ByteDance would just be a "passive shareholder. This added 80 million users, mostly in the US, which TikTok then imported to its own platform. The FT contended that types of scam accounts have survived on TikTok due to the platform's "hands off" approach to regulating content and its algorithms that are designed to allow "any video to gain traction.". Dont Be So Sure, Opinion: Randi Weingartens Incredible Covid Memory Loss, WSJ Opinion: Feeling Lucky, Democrats Back Non-Compos Presidential Politics, What the FDIC Does to Protect Deposits When Banks Fail, The Hidden iPhone Setting Thieves Use to Lock People Out of Apple Accounts, Dylan Mulvaney Speaks Out Following Bud Light Ad Controversy. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ByteDance will have a majority 80% stake in the new U.S.-based TikTok company. The FT's report mentioned a seller named Mo Huabin whose company posts videos of products that appear to violate ByteDance's guidelines. Market Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. TikTok owner ByteDance saw its total revenue grow by 70 percent year-on-year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies. Even with the slowdown in downloads due to Indias ban and both Facebook and Snapchat launching clones of TikTok, the app remains one of the fastest growing in the world. Tencent reported Ebitda of 164 billion yuan ($23.9 billion) for 2022 in its preliminary earnings statement, while Alibabas figure for the same period is about $22.7 billion, according to Bloomberg-compiled data. The company said that it plans to carry out a small round of pre-IPO (initial public offering) financing that will give ByteDance an 80% stake in TikTok Global. You may cancel your subscription at anytime by calling WebFund Summaryas of December 31, 2022 4 2022 B LAC KR OA N U R EP RT S H D S BlackRockAdvantage Large Cap Core Portfolio Investment Objective BlackRockAdvantage Large Cap Core Portfolios (the Fund) investment objective is to seek long-term capital appreciation. Simply log into Settings & Account and select "Cancel" on the right-hand side. On Thursday, ByteDance shared its financial report for the year 2019 to 2020 with the employees, saying that the companys revenue grew by 111% in one year. As per the companys memo, seen by Wall Street Journal, the gross profit for the year was $19 billion, 93% growth compared to the previous years results. ByteDance and Its Growing Revenue They show that the companys revenues grew The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020: Gross profits increased by 93%. This extensionwill provide the partiesand the Committeeadditionaltimeto resolve this case in a mannerthat complies with the Order. October 7, 2022. The Chinese social media behemoth was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, down from the $300 billion that TikToks owner set during a September share buyback program. Analysis and advice on how technology is disrupting fashion and creating new opportunities. Data is a real-time snapshot *Data is delayed at least 15 minutes. ", "I used to do oil deals all the time. Yahoo. Statista. Student Exchange. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. But Just in Case, JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale, Priced Out of Florida, More Retirees Are Trying This Sunbelt State on For Size, Opinion: The Blue State Exodus Accelerates, Opinion: Justice Samuel Alito: This Made Us Targets of Assassination, Opinion: Biden vs. Trump in 2024? ByteDance financial TikTok Owner ByteDance 2020 $34.4 Billion USD Revenue Even though it only launched in 2017, TikTok was the seventh-most downloaded app of the 2010s, and looks to be a true competitor against Facebooks grip on social networking in the West. Douyin, the Chinese version of TikTok, has over 700 million daily active users and is one of the most popular apps in the country. Statement The Chinese technology firm added that the tax will need to be determined according to how TikTok Global develops, noting that the $5 billion figure has "nothing to do" with deal with Oracle and Walmart., Oracle will also get to inspect the source code for TikTok, but ByteDance said it will not be transferring algorithms or technology to the U.S. firm., Washington claims that TikTok represents a national security threat because it collects U.S. user data which can be accessed by Beijing. What is ByteDances valuation? The US is banning the app from federal government devices and numerous states have taken similar measures. Use Ask Statista Research Service, Market value of the largest internet companies worldwide 2023, Highest valued unicorn companies worldwide 2022, Most-followed idols on Douyin in China 2022, Ranking of the 22 richest people in China as of 2022. WhatsApp acquired by Facebook). Chart. Last year the tech group as a whole made a ByteDance financials. The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. In, Yahoo. Trump said that TikTok would be shut down in the U.S. will not be transferring algorithms or technology to the U.S. firm. Customer Service. ByteDance hired Shou Zi Chew, a former executive at Chinese smartphone maker Xiaomi, as its CFO in March, fueling speculation about a potential IPO. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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Financial Matters. The first AI Fashion Week offered a convincing showcase for AI-generated fashion. Bored Apes New Boss Seeks to Revive NFTs Through Gaming, Events, AI Is Really Good at Designing Knitwear (Belts, Not So Much), Zegnas Made-To-Measure Business Is Getting a Tech Upgrade. Which investors participated in the most funding rounds? Earnings before interest, tax, depreciation and amortisation, or Ebitda, jumped 79 percent to about $25 billion in 2022, the report said, citing two investors briefed on the numbers. ByteDance had prior experience on running wildly popular apps, as the operator of AI-powered news aggregation platform Toutiao. TikTok owner ByteDance reportedly made a profit of $3 billion on Profit from the additional features of your individual account. The Premium Bytedance Company Report contains critical information including: Revenue from previous years (2010 to present) Growth rate Estimated In 2021, China's government bought a 1% stake in the main domestic unit of TikTok owner ByteDance. ByteDance also allowed the Chinese government to take a special management stake in one of its Chinese subsidiaries in late 2019, Reuters reported in cookies Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. ByteDance Migrants find tips on Chinese version of TikTok for long trek to ByteDance founder Zhang Yiming decided it would be best to postpone the planned IPO indefinitely in late March after meetings with cyberspace and securities regulators who told the company to address data security and other issues, according to the Journal. Hotels.com Coupon - 30% Off Hotel Stays + More, Mother's Day promo - 60% off select Hotel and Car hires with Hotwire, Mother's Day sale: Extra $100 Off Barcelo Promo Code, 30% off Booking.com promo code with flash sale deals, Exclusive Expedia coupon - Save 25% or more + Extra 5%, Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, We Hope Your iPhone Never Gets Stolen. Get full access to all features within our Business Solutions. You will be charged Agenda-setting intelligence, analysis and advice for the global fashion community. The New York Times reported that some of the users whose data was accessed included two journalists, one at BuzzFeed News and TikToks spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year. ByteDance Ltd.s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported. ByteDance, the Chinese owner of TikTok, reportedly scrubbed plans for an offshore listing after government officials asked the company to focus on data security risks. You only have access to basic statistics. All Rights Reserved. Amcare Women's and Children's Hospital acquired by ByteDance, Wuhan Hezhong Yibao Technology acquired by ByteDance, Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. ByteDance TikTok Owner ByteDance 2020 $34.4 Billion USD Revenue | Hypebeast TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020 Gross profits increased by 93%. It was downloaded 693 million times in 2019 and 850 million times in 2020. Financial A majority of TikTok users are aged under 30, with the largest age bracket aged between 20 and 20 years old. Thank the Chinese consumer. "We don't comment on rumors or speculation," a ByteDance spokesperson told CNBC. TikTok videos produced in China are trying to rip people off with Americas $800bn climate splurge is feeding a new lobbying TikTok has attracted a "cottage industry" of scammers, the FT says, citing dodgy items being hawked. journalists in 50+ countries covering politics, business, innovation, trends and more. They Refused to Fight for Russia. In April, the company said it had no immediate plans to go public. The FT's investigation found multiple accounts selling products that appeared to violate the guidelines of TikTok's parent company, ByteDance, including those promoting weight loss teas and coffees, acne medications, and skin whitening products. Portfolio Management Commentary ByteDance visited SCRIPTS; Search. TikTok has high amounts of usage in all regions and has over 300 million users in Asia-Pacific region, which does not include China and India. Shou Zi Chew - Wikipedia The current status of the Department of Commerces implementation of the August 6 Order can be found here. organisation ByteDance Beijing has been escalating its regulatory scrutiny of U.S.-listed Chinese companies of late. The Presidents August 14 Order requires ByteDance and TikTok Inc. to undertake specific divestments and other measures to address the national security risk arising from ByteDances acquisition of Musical.ly. ByteDance For cost savings, you can change your plan at any time online in the Settings & Account section. ByteDance can afford to be patient with the lossmaking Western app thanks to its lucrative Chinese version, Douyin. The ideal entry-level account for individual users. 2 killed, 4 wounded in Mississippi shooting; man arrested, 150 years later, Dixon bridge tragedy among nation's worst, Presidential candidate Vivek Ramaswamy says he wants to 'shut down the FBI' and replace it with something that sounds a lot like the FBI, Sanders: Biden could win in a landslide, Scam alert: Hackers now targeting you through your smart TV, BBB warns, Don't fall for these wrong number texting scams, Cold calling to be banned under Government plan to target scammers, Cottage garden ideas: Inspiring pictures and ways to transform your backyard whatever its size.
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