News Snapshot:
Vijaya Solanki 17 mins ago Singapore — ByteDance Ltd., owner of the popular short video app TikTok, told employees that last year’s revenue more than doubled to $ 34.3 billion, making Chinese tech giant the world’s most popular start-up. He emphasized why he is one of the companies. Privately held on Thursday shared the highlights of its 2020 financial performance with its employees. According to an excerpt from a company memo read by The Wall Street Journal, ByteDance’s total revenue increased 111% from a year ago and gross profit increased 93% to $ 19 billion. According to the memo, as...
