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World Business Report: First broadcast 10/04/2023 14:32 GMT : TikTok’s parent company Bytedance records huge profits

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TikTok’s parent company Bytedance records huge profits

First broadcast 10/04/2023 14:32 GMT 

First broadcast 10/04/2023 14:32 GMT : TikTok’s parent company Bytedance records huge profits

BBC World Service - World Business Report, TikTok’s parent company Bytedance records huge profits

TikTok’s parent company Bytedance records 79% increase in its earnings

Bytedance, the parent company of TikTok has recorded 79% increase in its earnings to around $25 billion dollars last year

Bytedance, a parent company with TikTok, which operates in China, has recorded 79% increase in its profits to around $25 billion dollars last year. 

Meanwhile China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds. 

And also - why are people in India consuming more ice cream in Winter? 

(Picture: A man stands near a sign of ByteDance app Douyin during China Fashion Week, in Beijing, China March 31, 2021. Reuters/Tingshu Wang)

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First broadcast 10/04/2023 14:32 GMT : TikTok’s parent company Bytedance records huge profits

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