ByteDance, the Chinese Company Hosting TikTok, managed to double its earnings in 2020. Tiktok continues to earn a huge income with its rapidly increasing audience day by day.
ByteDance, the Chinese company that owns TikTok, doubled its earnings in 2020.
According to the news in the BBC, a ByteDance internal report showed that the company’s earnings increased by 111% in 2020 to 34.3 billion.
TikTok, an application of ByteDance, has gained serious popularity globally.
The internal report stated that ByteDance had approximately 1.9 billion monthly active users across all its apps as of December last year.
A ByteDance spokesperson confirmed the figures to the BBC.
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