The Douyin logo is seen on a sidewalk in Beijing. The app helped boost gross revenues of parent company ByteDance. Photo: AP
The Douyin logo is seen on a sidewalk in Beijing. The app helped boost gross revenues of parent company ByteDance. Photo: AP
TikTok

TikTok owner ByteDance to post 60 per cent revenue growth in 2021, media report says

  • Growth in gross revenue is slower than last year when the figure more than doubled to about 250 billion yuan, according to a report by The Information
  • ByteDance may not go public for another year or more given the recent regulatory crackdown on the domestic internet sector, the report said

Topic |   TikTok
The Douyin logo is seen on a sidewalk in Beijing. The app helped boost gross revenues of parent company ByteDance. Photo: AP
The Douyin logo is seen on a sidewalk in Beijing. The app helped boost gross revenues of parent company ByteDance. Photo: AP
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