Jan 17, 2025 · Can Donald Trump save TikTok? Stay up-to-date with breaking news and top stories on ByteDance. In-depth analysis, industry insights and expert opinion.

Apr 9, 2023 · ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech giants Tencent and Alibaba for the first time even as losses mounted for its fast-growing TikTok...

Mar 15, 2024 · Three people with knowledge of its finances said the app, owned by Beijing-based ByteDance, achieved record revenues in the US in 2023. The $16bn they identified highlights the scale of the...

Jan 22, 2025 · BYTEDANCE is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than US$12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.

ByteDance is backed financially by Jeff Yass's Susquehanna International Group, Primavera Capital Group, Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. [35] [36] [37] As of November 2024, it was estimated to be valued at $300 billion. [38]

Dec 8, 2024 · Beijing | TikTok-owner ByteDance has emerged as an early frontrunner in the race to capitalise on generative artificial intelligence in China, poaching top talent from local rivals and becoming...

6 days ago · Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Nov 22, 2024 · Bloomberg reported last week that ByteDance’s revenue surged more than 30 per cent to surpass US$80 billion in 2022, matching the tally at arch-rival Tencent, after twin video platforms...

6 days ago · ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Jan 22, 2025 · BENGALURU - ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than US$12 billion (S$16 billion) on AI in 2025, the Financial ...