November 05, 2024 – According to a report by The Information, ByteDance has achieved remarkable growth in its international revenue, increasing by over 60% in the first half of this year to reach approximately $17 billion.
Furthermore, the company’s total revenue for the same period was primarily driven by advertising and e-commerce businesses from its Chinese apps such as Douyin (known as TikTok in international markets) and Toutiao, which saw a growth rate exceeding 35% to amount to roughly $73 billion.
Earlier this year, in March, the Financial Times attributed ByteDance’s impressive 2023 revenue of 120billion,representingayear−on−yearincreaseofabout4016 billion last year, with around 170 million Americans using the app throughout the year.
