The slower pace of growth for ByteDance and China’s other major internet companies was largely attributed to Beijing’s crackdown on Big Tech, which is expected to continue this year. Photo: Shutterstock
TikTok owner ByteDance said to record slower 2021 revenue growth
  • Privately held ByteDance was reported to have increased its revenue by 70 per cent to US$58 billion last year
  • It marks a drop-off in performance for the world’s most valuable tech unicorn after posting a 111 per cent revenue growth to US$34.3 billion in 2020
6 hours ago