ByteDance Ltd.’s sales surged in 2023 to more than $110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings Ltd. in a sign TikTok’s fledgling e-commerce business is driving growth at a time of economic malaise.
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December 20, 2023 - 15:15
ByteDance’s Sales Break $110 Billion to Pass Tencent This Year
By Pharos Investment Advisors Comments are Off
November 27, 2023 - 15:30
TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition
By Pharos Investment Advisors Comments are Off
ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the mater told CNBC.
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