ByteDance
ByteDance Set to Develop AI Smart Glasses, Engages in Supplier Talks
April 12, 2025 – Tonight, The Information reported that ByteDance is gearing up to develop its own AI – powered smart glasses. According to an insider, ByteDance plans to integrate AI features akin to Doubao into its smart glasses. Sources revealed that ByteDance is currently in negotiations with suppliers to finalize product capabilities, technical specifications,…
ByteDance’s 2024 Net Profit Hits $33B with Sluggish 6% Growth YoY
April 11, 2025 – Insider sources cited by The Information have revealed that ByteDance achieved a net profit of $33 billion in 2024, marking a modest 6% year-over-year increase that significantly trails the growth rate recorded in 2023. During a recent earnings disclosure to select investors, company executives acknowledged that profit margins had peaked, citing…
ByteDance Reports 35% Year-on-Year Revenue Growth to $73 Billion in First Half of 2024, with International Revenue Surging Over 60%
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…
ByteDance Welcomes French Tycoon Xavier Niel to Its Board
September 02, 2024 – According to the official English website of TikTok’s parent company, ByteDance, Philippe Laffont, the founder of Coatue Management, has stepped down from the company’s board. Meanwhile, Xavier Niel, the French billionaire and founder of Iliad Telecom Group, has joined the ByteDance board. Xavier Niel, a French businessman with a strong presence…