bytedance financial statements

The net loss for the financial year ending December 2020 was $45 billion, and it was a TikTok has amassed more than 150 million monthly users in America, spurring concerns about Chinas access to the data it gathers. ByteDance Ltd.s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time. 20 January 2022. "TikTok prioritizes profit over the regulation of goods on its platform," one TikTok senior executive with knowledge of decision-making in ecommerce said in the FT's report. Check if your Which funding types raised the most money? Apart from its flagship short video ByteDance also allowed the Chinese government to take a special management stake in one of its Chinese subsidiaries in late 2019, Reuters reported in The current status of the Department of Commerces implementation of the August 6 Order can be found here. HSBC names 4 Chinese stocks set to benefit from the trend, Goldman thinks the trade right now is on China's economy and gives 2 U.S. stocks to play it, This France ETF is booming despite domestic turmoil. Statement by Secretary Steven T. Mnuchin on the Presidents Decision Regarding the Acquisition by ByteDance Ltd. of the U.S. Business of musical.ly August 14, 2020 WASHINGTON As chair of the Committee on Foreign Investment in the United States (CFIUS), U.S. Treasury Secretary Steven T. Mnuchin today issued the following TikTok may have a global user base of more than 1 billion people, but within its home country of China, the app has given rise to a "cottage industry" of scammers pedaling dubious products to viewers abroad, the Financial Times reported. This added 80 million users, mostly in the US, which TikTok then imported to its own platform. analyse how our Sites are used. TikTok has rapidly increased its revenue generation in the past few years. All rights reserved. Short video app Douyin, owned by TikTok owner ByteDance, is one of the main sources of the Chinese tech giant's revenue overall, Reuters previously reported. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Got a confidential news tip? Short video app Douyin, owned by TikTok owner ByteDance, is one of the main sources of the Chinese tech giant's revenue overall, Reuters previously reported. Customer Service. Trump said that TikTok would be shut down in the U.S. will not be transferring algorithms or technology to the U.S. firm. Profit from the additional features of your individual account. WebByteDance Media Assets Due to the volume of requests, we can only respond to members of the press. (if applicable) for The Wall Street Journal. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We have collected data and statistics on TikTok. That double-digit growth topped most of the global internet leaders including Meta Platforms Inc. and Amazon Inc., underscoring the resilience of ByteDances business at a time Washington is threatening to join India in banning TikTok, which a growing number of government agencies across the world are wiping from official phones. Available: https://www.statista.com/statistics/1342785/bytedance-key-quarterly-financial-figures/, Key financial figures of ByteDance in 1st quarter of 2022, Digital advertising revenue for major internet companies 2022-2026, Most valuable internet companies in China 2022, Number of app users of leading online companies in China 2022, Leading Chinese private companies with market value rise in 2022, Key financial figures of ByteDance Q1 2022, Revenue breakdown of ByteDance 2021, by segment, Estimated ad revenue of ByteDance 2016-2021, Estimated global ad revenue of ByteDance 2022, by platform, Leading apps in China 2022, by monthly active users, Most-followed influencers on Douyin in China 2022, Live streaming usage rate on Douyin (TikTok) in China 2020-2022, GMV of live streaming shopping on Douyin in China 2018-2022, Most successful Douyin sales influencers in China 2022, TikTok global monthly active users 2018-2021, Growth of TikTok Google Play downloads worldwide Q2 2022, by country, Most-followed English-language TikTok creators worldwide 2022, TikTok user engagement in selected markets 2020-2022, TikTok quarterly user spending worldwide 2020-2021, Highest-earning apps owned by ByteDance 2023, Most popular apps owned by ByteDance 2023, Monthly active users of leading short video apps in China 2022, Monthly active users of leading news apps in China 2021, Leading markets of ByteDance's Toutiao 2023, ByteDance: gaming apps mobile player spending worldwide 2021-2022, Number of ByteDance patents by filing year and legal status worldwide 2009-2021, Healthcare patents of technology companies Microsoft, Apple, and Google 2009-2017, Investor funding in digital health industry 2010-2022, Funding in top deals in digital health industry 2022, Investments in most active U.S. metro area in digital health industry 2022, Investment deal count in most active US metro area in digital health 2022, Investment deal count in digital health industry globally 2010-2021, Investments in most active global metro areas in digital health outside the U.S. 2021, Investment deal count in most active metro areas in digital health outside U.S. 2021, Alternative finance transaction volume per capita in Europe 2020, by country, Share of mobile app usage time in China 2022, by company, Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services., 2023 CNBC LLC. He subsequently replaced TikTok CEO Kevin A. Mayer, who left the ByteDance subsidiary after three months on the job. WebFund Summaryas of December 31, 2022 4 2022 B LAC KR OA N U R EP RT S H D S BlackRockAdvantage Large Cap Core Portfolio Investment Objective BlackRockAdvantage Large Cap Core Portfolios (the Fund) investment objective is to seek long-term capital appreciation. However, President Trumps executive order has been canned by the Biden Administration. ByteDance's majority ownership appears to refute a claim made by President Donald Trump that the deal "will have nothing to do with China. We support credit card, debit card and PayPal payments. Renewables firms went from spending an annual average of around $24m between 2013 and 2020, to $38m in 2021 and $47m in 2022. At just 10 years old, ByteDance, the most valuable startup in the world, has shattered records for growth. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Total number of investment firms and individual investors, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. ByteDance's latest journalists in 50+ countries covering politics, business, innovation, trends and more. Lixiang, formerly known as Chehejia, is a car company that specializes in developing electric vehicles. organisation Student Life Show me more results. The Chinese technology firm added that the tax will need to be determined according to how TikTok Global develops, noting that the $5 billion figure has "nothing to do" with deal with Oracle and Walmart., Oracle will also get to inspect the source code for TikTok, but ByteDance said it will not be transferring algorithms or technology to the U.S. firm., Washington claims that TikTok represents a national security threat because it collects U.S. user data which can be accessed by Beijing. ByteDance will have a majority 80% stake in the new U.S.-based TikTok company. "It'll be a brand new company. Images or B-rolls on this page may be used only for editorial purposes, and The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. Filter by: Select year: Date Filing Type Filing Description Download / View. You can opt out anytime. dollars)." About Snap. In the previous financial year, ByteDance had an operating profit of $684M. India upheld the ban in January 2021, which has led to several other TikTok-clones taking over market share in the country. Related Topics Partnerships Industry Research Technology It quickly started to gain traction in China and parent company ByteDance launched an international version the following year. "Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. We want to hear from you. In 2021, Beijing-based ByteDance reported a nearly 80 percent year-over-year increase in revenues to 61.7 billion U.S. dollars. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Reuters. Now that TikTok users are beginning to catch on, Mo's team has moved to selling legitimate goods on TikTok's marketplace being rolled out in the US. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The Presidents August 6 Order is separate from his August 14 Order and addresses risks to U.S. national security by prohibiting specified transactions with ByteDance or its subsidiaries pursuant to the Presidents authority under the International Emergency Economic Powers Act. ByteDance's valuation in March 2020 was $105,000 - $140,000M. 2022 The Business of Fashion. Trump: Oracle, Walmart must have total control of TikTok. All Rights Reserved. ByteDance hired Shou Zi Chew, a former executive at Chinese smartphone maker Xiaomi, as its CFO in March, fueling speculation about a potential IPO. For Daniel Alegre, the former Activision Blizzard Inc. executive who joined Yuga as chief executive officer last month, NFTs still have a bright future by serving as a room key to a world of gaming, events and e-commerce. The ". Sign In. TikTok owner ByteDance saw its total revenue grow by 70 percent year-on-year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies. You may change your billing preferences at any time in the Customer Center or call TikTok has repeatedly denied this.. Simply log into Settings & Account and select "Cancel" on the right-hand side. The Beijing-based company reportedly decided to postpone the plans indefinitely after regulators told it to focus on data security risks. Gain a global perspective on the US and go beyond with curated news and analysis from 600 Sign up for free newsletters and get more CNBC delivered to your inbox. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); TikTok reached one billion users in the third quarter of 2021 and is expected to reach 1.8 billion by the end of 2022. "Key Financial Figures of Bytedance in 1st Quarter of 2022 (in Billion U.S. TikToks China-based parent company ByteDance said on Thursday that a small group of employees inappropriately obtained personal data of US TikTok users and are no longer employed at ByteDance. All Rights Reserved. personalising content and ads, providing social media features and to The sneaker giant is launching its first big collection of digital goods under its own name after signing up more than 330,000 members to its new web3 platform, .Swoosh. Got a confidential news tip? He added ByteDance would just be a "passive shareholder. WebSEC Filings. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Student Exchange. The leadership team of Shou and Vanessa sets the stage for sustained growth, ByteDance CEO Yiming Zhang said in a statement. Source: App Ape. Even though it only launched in 2017, TikTok was the seventh-most downloaded app of the 2010s, and looks to be a true competitor against Facebooks grip on social networking in the West. But Just in Case, JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale, Priced Out of Florida, More Retirees Are Trying This Sunbelt State on For Size, Opinion: The Blue State Exodus Accelerates, Opinion: Justice Samuel Alito: This Made Us Targets of Assassination, Opinion: Biden vs. Trump in 2024? TikToks spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year. ByteDances profit last year came despite mounting losses at fast-growing TikTok, according to the Financial Times. To use individual functions (e.g., mark statistics as favourites, set The Chinese internet company has managed to find success internationally with TikTok, the short video app popular for dancing and lip syncing. Advertising is a key part of ByteDances revenue on its platforms, but it has started pushing into new areas such as gaming and is pitting itself against some of Chinas other tech giants like Tencent. If you are an admin, please authenticate by logging in again. ByteDance financials data including stock price, CreditSafe score, income statement, and acquistions and subsidiaries. (October 7, 2022). Then you can access your favorite statistics via the star in the header. Sheldon Cooper | LightRocket | Getty Images, escalating its regulatory scrutiny of U.S.-listed Chinese companies. Nov 9, 2022 In the first quarter of 2022, TikTok's parent ByteDance reported 18.3 billion U.S. dollars in revenues, increased by nearly 54 percent compared to the ByteDance told employees in an email on Wednesday the firm would be offering stock options at US$155 per share, according to a report by Chinese media outlet The Paper. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. We are delighted that you'd like to resume your subscription. Events & Presentations. Bored Apes New Boss Seeks to Revive NFTs Through Gaming, Events, AI Is Really Good at Designing Knitwear (Belts, Not So Much), Zegnas Made-To-Measure Business Is Getting a Tech Upgrade. For more on ByteDance's shelved IPO plans, you can read the full story from the Journal here. Douyin, though, remains ByteDances biggest cash cow. university Note: Individual country demographics are available in the TikTok Report. Missed the A.I. Oracle and Walmart will have minority stakes in TikTok Global. Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. dollars) [Graph]. Which investors participated in the most funding rounds? Mo told the FT that he was joking; he couldn't be reached by Insider. Oracle would become the secure cloud provider and host American users' data in the country.. TikTok is used by more women than men, but that gap is closing as it loses its stigma for being an app for teenagers and dancing. ByteDance was last valued at $180 billion, however trading in private markets has exceeded $350 billion ( SCMP) More Video App She added that she regularly flags videos on weight loss coffee and male enhancement on TikTok, though the platform ultimately often tells her the videos aren't in violation of its policies, she said. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal. We want to hear from you. Show publisher information The US is banning the app from federal government devices and numerous states have taken similar measures. You will be charged Before ByteDance's Chinese statement on Monday, CNBC reported the company would retain an 80% stake in TikTok Global. A Division of NBCUniversal. Zhangyue Technology is a China-based developer of the iReader e-book reader. The news comes after Chinese regulators launched a cybersecurity review into Didi, which listed on the New York Stock Exchange last month. In, Yahoo. The ideal entry-level account for individual users. From there, TikTok snowballed into the most popular app in 2019 and 2020. TikTok, known as Douyin in its home market, was launched in China in September 2016. [Online]. Accessed May 01, 2023. https://www.statista.com/statistics/1342785/bytedance-key-quarterly-financial-figures/, Yahoo. ByteDances revenue for 2020 totaled $34.3 billion, up 111% year-on-year. The first AI Fashion Week offered a convincing showcase for AI-generated fashion. Analysis and advice on how technology is disrupting fashion and creating new opportunities. Dont Be So Sure, Opinion: Randi Weingartens Incredible Covid Memory Loss, WSJ Opinion: Feeling Lucky, Democrats Back Non-Compos Presidential Politics, What the FDIC Does to Protect Deposits When Banks Fail, The Hidden iPhone Setting Thieves Use to Lock People Out of Apple Accounts, Dylan Mulvaney Speaks Out Following Bud Light Ad Controversy. In 2021, it generated $4.6 billion, a 142% increase year-on-year. In 2019, he became Xiaomi's foreign business president. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. While many Chinese apps have failed to succeed outside of China, most notably Tencents WeChat, TikTok managed to push itself into the overseas market through the acquisition of Musical.ly in November 2017 for $1 billion. For a full comparison of Standard and Premium Digital, click here. "So it'll close down on Sept. 15 unless Microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so that the Treasury of the United States gets a lot of money," Trump said at that time.. Amcare Women's and Children's Hospital acquired by ByteDance, Wuhan Hezhong Yibao Technology acquired by ByteDance, Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. He subsequently replaced TikTok CEO Kevin A. Mayer, who left the ByteDance subsidiary after three months on the job. No access to the company, no decision-making authority, to ability to peer into what they're doing; just a passive shareholder," Pompeo said, according to an official transcript., Trump has also previously said the U.S. Treasury should get a cut of any deal involving TikTok. Check out our Social App Report, TikTok is used by 18% of global internet users aged 16 to 64 (GlobalWebIndex), Outside of China, TikToks largest markets are the US, Indonesia and Brazil, TikTok had 190 million users in India, making it the apps second largest market behind China, TikTok reached 3 billion downloads in June 2021.

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