Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: ReutersTik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: Reuters
Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: Reuters

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

Topic |   TikTok
Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: ReutersTik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: Reuters
Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Photo: Reuters
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