TikTok Maintains Solid First-Half Revenue Growth Despite U.S. Ban Threat
TikTok parent ByteDance increased its international revenue more than 60% to about $17 billion in the first half of 2024, according to two people with knowledge of the financial results. As TikTok accounts for most of ByteDance’s revenue outside China, the growth suggests that TikTok’s advertising and other businesses have remained strong despite the threat of a U.S. ban.ByteDance’s overall revenue in the first half—mainly coming from advertising and e-commerce generated by Chinese apps such as ...
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