ByteDance profits jump 60%, beating tech rivals: Bloomberg

Beijing (AFP) April 10, 2024

The profits of TikTok owner ByteDance jumped around 60 percent in 2023, Bloomberg reported Wednesday citing sources, beating online rivals Tencent and Alibaba. ByteDance has grown into one of the world's biggest tech firms - best known in most countries as the creator of video app TikTok - since its birth in a Beijing apartment 12 years ago. The company has rocketed in recent years to