Skip to main content

Sources: ByteDance's revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, driven by TikTok (Jing Yang/The Information)

Jing Yang / The Information: Sources: ByteDance's revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, driven by TikTok  —  ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin.
http://www.techmeme.com/230810/p30?utm_source=dlvr.it&utm_medium=blogger#a230810p30

Popular posts from this blog

Asus Zenfone 10 review: compact for a 5.9" display, powerful performance, and excellent battery life, but limited cameras and only two years of software updates (Richard Priday/Tom's Guide)

Richard Priday / Tom's Guide: Asus Zenfone 10 review: compact for a 5.9" display, powerful performance, and excellent battery life, but limited cameras and only two years of software updates  —  Everything you need in a premium Android phone, in a surprisingly small frame  —  Tom's Guide Verdict … Why you can trust Tom's Guide? http://www.techmeme.com/230629/p37?utm_source=dlvr.it&utm_medium=blogger#a230629p37
Read more

Félix Lengyel, aka xQc, a Twitch streamer with 12M followers, signs a ~$100M deal with Kick, a streaming service backed by Australian gaming and gambling sites (Kellen Browning/New York Times)

Kellen Browning / New York Times: Félix Lengyel, aka xQc, a Twitch streamer with 12M followers, signs a ~$100M deal with Kick, a streaming service backed by Australian gaming and gambling sites  —  The deal signed by Félix Lengyel, known as xQc, matches traditional athletes' contracts, and is another sign … http://www.techmeme.com/230616/p28?utm_source=dlvr.it&utm_medium=blogger#a230616p28
Read more

Analysis: Temu and Shein are spending heavily on Facebook, X, and YouTube ads in the US; Temu placed ~1.4M ads globally on Google services in the past year (New York Times)

New York Times: Analysis: Temu and Shein are spending heavily on Facebook, X, and YouTube ads in the US; Temu placed ~1.4M ads globally on Google services in the past year  —  Temu, Shein, and streaming and gaming apps looking to break into the U.S. market are spending huge sums to get their wares in front of American consumers. http://www.techmeme.com/240307/p10?utm_source=dlvr.it&utm_medium=blogger#a240307p10
Read more