TikTok Parent ByteDance records $7Bn in losses in 2021
source link: https://nextbigwhat.com/tiktok-parent-bytedance-records-7bn-in-losses-in-2021/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
TikTok Parent ByteDance records $7Bn in losses in 2021
TikTok parent ByteDance Ltd. saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth.
ByteDance also produced an operating profit in the first quarter of 2022, the report showed, indicating one of the world’s most valuable startups could be turning a corner after years of incurring large losses.
[Via]
» Download CHAI APP: The News App for Tech Professionals 
(Android, iOS)
Recommend
-
54
Chinese software company ByteDance, which operates the hugely popular video app TikTok, is reportedly building a smartphone that will be preloaded with the company’s apps.
-
33
摆在张一鸣面前的，是一个即艰难，又尴尬的局面。就在4个月前，他刚刚为公司做出了新一轮战略调整：将字节跳动的中国区业务交棒给了张利东和张楠，自己的工作重心移至海外，全身心投入到加速全球化的工作之中。当时，张一鸣完全没有预计到会遭遇如此恶劣的局面。
-
44
美国当地时间周一，中国字节跳动公司下属的美国TikTok公司正式在美国加州一个法庭对美国特朗普当局提起了诉讼，控告该当局封杀TikTok在美业务的总统令违反了美国宪法，且未经正当法律程序就剥夺TikTok的业务。
-
5
TikTok parent ByteDance has begun selling the video app’s AI to other clients It launched a new division called BytePlus By...
-
8
TechMicrosoft and ByteDance are collaborating on a big AI project, even as US-China...
-
2
The project, assigned to a Beijing-led team, would have involved accessing location data from some U.S. users’ devices without their knowledge or consent. A China-based team at TikTok’s parent company,...
-
2
TechTikTok confirms the U.S. has threatened ban if Chinese parent ByteDance doesn’t...
-
4
TikTok parent Bytedance revolutionizes music industry with a new AI music creation tool TikTok parent Bytedance revolutionizes music industry with a new AI music creation tool
-
10
Urban Company Records 45.4% Revenue Growth and Shrinks Losses by 40% in FY23 Urban Company’s operating revenue rose to Rs 637 crore in FY23, with on-demand...
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK