bytedance financial statements

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. Student Life Show me more results. Which types of acquisition does this organization make most frequently. How much funding has this organization raised over time? WebByteDance was founded in 2012 by a team led by Yiming Zhang and Rubo Liang, who saw opportunities in the then-nascent mobile internet market, and aspired to build TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020: Gross profits increased by 93%. Use Ask Statista Research Service, Market value of the largest internet companies worldwide 2023, Highest valued unicorn companies worldwide 2022, Most-followed idols on Douyin in China 2022, Ranking of the 22 richest people in China as of 2022. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2023, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. You can still enjoy your subscription until the end of your current billing period. Consistent with the Order, the Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a 15-day extension of the original November 12, 2020 deadline. Butbecause 40% of ByteDance is owned by U.S. venture capital firms, the Trump administration can technically claim TikTok Global is now majority owned by U.S. money. The ideal entry-level account for individual users. Its operating loss was $2.1 billion after posting a profit the year before. The 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 At just 10 years old, ByteDance, the most valuable startup in the world, has shattered records for growth. You can opt out anytime. ByteDances revenue for 2020 totaled $34.3 billion, up 111% year-on-year. ByteDance was considering an IPO of all or some of its businesses in the U.S. or Hong Kong, the Wall Street Journal reported on Monday. Already a subscriber? TikTok has attracted a "cottage industry" of scammers, the FT says, citing dodgy items being hawked. university 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. 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. U.S. Secretary of State Mike Pompeo said the entity will be "controlled by Americans" in an interview with Fox News' "Sunday Morning Futures." This added 80 million users, mostly in the US, which TikTok then imported to its own platform. From there, TikTok snowballed into the most popular app in 2019 and 2020. In 2021, China's government bought a 1% stake in the main domestic unit of TikTok owner ByteDance. Source: App Ape. It was the seventh-most downloaded app of the 2010s (Data.ai), TikTok had 315 million downloads in Q1 2020, which is a record for quarterly downloads not including Chinese third-party app stores (SensorTower), TikTik was the most positively reviewed app in the US in 2020, with 88% positive reviews (SensorTower), 14% of marketers plan to up their spend in 2021 (HubSpot), however only 3% see it as the most effective social media channel (CivicScience), TikTok was valued at $50 billion by investors in 2020 (Reuters), ByteDance was last valued at $180 billion, however trading in private markets has exceeded $350 billion (SCMP). Which industries has this organization most actively invested in? ByteDances profit last year came despite mounting losses at fast-growing TikTok, according to the Financial Times. For cost savings, you can change your plan at any time online in the Settings & Account section. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. They Refused to Fight for Russia. TikTok was the most downloaded app in 2020 and 2021 and peaked at 318 million downloads in Q1 2020, a record for quarterly downloads outside of China. Its chief executive sat through a hostile congressional hearing, during which he did little to sway some of the loudest critics. ByteDance hired Shou Zi Chew, a former executive at Chinese smartphone maker Xiaomi, as its CFO in March, fueling speculation about a potential IPO. "We don't comment on rumors or speculation," a ByteDance spokesperson told CNBC. Related Topics Partnerships Industry Research Technology The figures were disclosed to a small group of We want to hear from you. Learn more about how Statista can support your business. India upheld the ban in January 2021, which has led to several other TikTok-clones taking over market share in the country. The rapid growth 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. 20 January 2022. We want to hear from you. ByteDance can afford to be patient with the lossmaking Western app thanks to its lucrative Chinese version, Douyin. Data is a real-time snapshot *Data is delayed at least 15 minutes. It is expected to surpass 1 billion monthly active users by the end of 2021. Sheldon Cooper | LightRocket | Getty Images, escalating its regulatory scrutiny of U.S.-listed Chinese companies. All rights reserved. He subsequently replaced TikTok CEO Kevin A. Mayer, who left the ByteDance subsidiary after three months on the job. Earnings before interest, tax, depreciation and amortisation, or Ebitda, jumped 79 percent to about $25 billion in 2022, the report said, citing two investors briefed on the numbers. What is ByteDances valuation? !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. Some of Mo's company's videos rely on clips of Dr. Dana Brems, a podiatrist and social media influencer based in Los Angeles, to lend credibility to their claims, the FT reported. In March 2021, Chew joined ByteDance as its chief financial officer. or ByteDance will have a majority 80% stake in the new U.S.-based TikTok company. The company said that it plans to carry out a small round of pre-IPO (initial public offering) financing that will give ByteDance an 80% stake in TikTok Global. But in a Chinese-language statement on Monday, ByteDance, the Beijing-based parent company of TikTok, insisted it was not losing control of the social media app., The company said it plans to carry out a small round of pre-IPO (initial public offering) financing that will give ByteDance an 80% stake in TikTok Global. The net loss for the financial year ending December 2020 was $45 billion, and it was a 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. The Law Did Not Treat Them Kindly. For a full comparison of Standard and Premium Digital, click here. "We see a higher mountain peak ahead, a bigger opportunity, so we're not only going to be making money selling goods, we're turning into a company with sustainable operations, logistics and a team of influencers," Mo said. And even if they are taken down, Brems said it's a difficult process. offers FT membership to read for free. For more information read our Terms & Conditions. Marketplace | News & Insights | Data | Events, HBO Max Revenue and Usage Statistics (2023), YouTube Revenue and Usage Statistics (2023), Disney Plus Revenue and Usage Statistics (2023), Netflix Revenue and Usage Statistics (2023), Video Streaming App Revenue and Usage Statistics (2023), Twitch Revenue and Usage Statistics (2023), September 2016 (China); September 2017 (International), Liang Rubo (ByteDance CEO), Shouzi Chew (TikTok CEO), Vanessa Pappas (TikTok COO), TikTok Revenue and Usage Statistics (2023), TikTok generated an estimated $4.6 billion revenue in 2021, a 142% increase year-on-year, TikTok had 1.2 billion monthly active users in Q4 2021 and is expected to reach 1.8 billion by the end of 2022, In China, TikTok is accessed by over 600 million users daily, TikTok has been downloaded over three billion times. Student Exchange. WebChief Financial Officer: Charles Li: Chief Information Officer: Sally Wang: Director of Strategy & Investment: Youre viewing 5 of 24 executive team members. The Chinese social media behemoth was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, down from the $300 billion that TikToks owner set during a September share buyback program. Then you can access your favorite statistics via the star in the header. The Beijing-based company reportedly decided to postpone the plans indefinitely after regulators told it to focus on data security risks. 2 killed, 4 wounded in Mississippi shooting; man arrested, 150 years later, Dixon bridge tragedy among nation's worst, Presidential candidate Vivek Ramaswamy says he wants to 'shut down the FBI' and replace it with something that sounds a lot like the FBI, Sanders: Biden could win in a landslide, Scam alert: Hackers now targeting you through your smart TV, BBB warns, Don't fall for these wrong number texting scams, Cold calling to be banned under Government plan to target scammers, Cottage garden ideas: Inspiring pictures and ways to transform your backyard whatever its size. ByteDance's majority ownership appears to refute a claim made by President Donald Trump that the deal "will have nothing to do with China. All Rights Reserved. Read on below to find out more. Sign In. Simply log into Settings & Account and select "Cancel" on the right-hand side. Trump said that TikTok would be shut down in the U.S. will not be transferring algorithms or technology to the U.S. firm. Yahoo. Thank the Chinese consumer. TikTok Owner ByteDance 2020 $34.4 Billion USD Revenue | Hypebeast TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020 Gross profits increased by 93%. ByteDance also allowed the Chinese government to take a special management stake in one of its Chinese subsidiaries in late 2019, Reuters reported in Source: TikTok Report. Which investors participated in the most funding rounds? Currently, you are using a shared account. It didn't immediately respond to Insider's request for comment. TikToks spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year. Douyin, though, remains ByteDances biggest cash cow. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. In 2019, he became Xiaomi's foreign business president. ByteDance had prior experience on running wildly popular apps, as the operator of AI-powered news aggregation platform Toutiao. "It'll be a brand new company. About Snap. Published on 18 Apr 2022 ByteDance visited SCRIPTS. 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. Statement on ByteDance and TikTok by Treasury Spokesperson Monica Crowley November 13, 2020 The Presidents August 14 Order requires ByteDance and Financials. We support credit card, debit card and PayPal payments. ByteDance's latest funding round was a Secondary Market for $100M on March 14, 2023. ByteDance's valuation in March 2020 was $105,000 - $140,000M. ByteDance's latest post-money valuation is from March 2023. Sign up for a free trial to see ByteDance's valuations in March 2023, November 2018 and more. ByteDance's 2020 revenue was $25B. TikTok, meanwhile, told the FT that it "has strict policies to protect users from fake, fraudulent, or misleading content," including advertisements. The Premium Bytedance Company Report contains critical information including: Revenue from previous years (2010 to present) Growth rate Estimated Which industries has this organization had the most exits in? I didn't have any access to the company's information. Apart from its flagship short video Missed the A.I. TikTok has amassed more than 150 million monthly users in America, spurring concerns about Chinas access to the data it gathers. However, President Trumps executive order has been canned by the Biden Administration. 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. For more on ByteDance's shelved IPO plans, you can read the full story from the Journal here. 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. ", "I used to do oil deals all the time. ". Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. In, Yahoo. ByteDance, the Chinese owner of TikTok, reportedly scrubbed plans for an offshore listing after government officials asked the company to focus on data security risks. ByteDance was considering an IPO of all or some of its businesses in the U.S. or Hong Kong, the Wall Street Journal reported on Monday. cookies ByteDance visited SCRIPTS; Search. The first AI Fashion Week offered a convincing showcase for AI-generated fashion. The FT's investigation found multiple accounts selling products that appeared to violate the guidelines of TikTok's parent company, ByteDance, including those promoting weight loss teas and coffees, acne medications, and skin whitening products. 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. 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. Just Dont Call Them NFTs. WebRevenue at Chinese social-media giant ByteDance Ltd. rose by about 70% last year to roughly $58 billion, slowing from a year earlier, people familiar with the matter said, as The FT contended that types of scam accounts have survived on TikTok due to the platform's "hands off" approach to regulating content and its algorithms that are designed to allow "any video to gain traction.". "Key financial figures of ByteDance in 1st quarter of 2022 (in billion U.S. The still-robust growth at the worlds most valuable private tech firm could boost confidence among investors shaken by recent global events. Douyin, the Chinese version of TikTok, has over 700 million daily active users and is one of the most popular apps in the country. Bloomberg reported last week that ByteDances revenue surged more than 30 percent to surpass $80 billion in 2022, matching the tally at archrival Tencent, after twin video platforms TikTok and Douyin drew eyeballs and advertisers from social media incumbents. dollars)." Gain a global perspective on the US and go beyond with curated news and analysis from 600 The current status of the Department of Commerces implementation of the August 6 Order can be found here. 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. However, TikTok is not being acquired and will have the majority stake. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. WebByteDance Media Assets Due to the volume of requests, we can only respond to members of the press. We have collected data and statistics on TikTok. He subsequently replaced TikTok CEO Kevin A. Mayer, who left the ByteDance subsidiary after three months on the job. A Division of NBCUniversal. Get the full list A majority of TikTok users are aged under 30, with the largest age bracket aged between 20 and 20 years old. Accessed May 01, 2023. https://www.statista.com/statistics/1342785/bytedance-key-quarterly-financial-figures/, Yahoo. India banned the app again in June 2020, along with a spate of other Chinese-based apps, as tensions between China and India heightened. "It's like whack a mole there's hundreds of accounts," selling scam items, Brems told the FT. "Most people will not fall for it, but if an account is seen by enough people, eventually some people will buy. In 2019, he became Xiaomi's foreign business president. Want to learn more about social apps? ", On Saturday, Trump gave his blessing to a deal that would see Oracle and Walmart take a minority stake in a U.S.-headquartered company called TikTok Global. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Programmes. You may change your billing preferences at any time in the Customer Center or call WhatsApp acquired by Facebook). The news comes after Chinese regulators launched a cybersecurity review into Didi, which listed on the New York Stock Exchange last month. The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. 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. Are you interested in testing our business solutions? Premium access for businesses and educational institutions. He added ByteDance would just be a "passive shareholder. Compare Standard and Premium Digital here. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. and other data for a number of reasons, such as keeping FT Sites reliable and secure, You may change or cancel your subscription or trial at any time online. The FT's report mentioned a seller named Mo Huabin whose company posts videos of products that appear to violate ByteDance's guidelines. 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. Hotels.com Coupon - 30% Off Hotel Stays + More, Mother's Day promo - 60% off select Hotel and Car hires with Hotwire, Mother's Day sale: Extra $100 Off Barcelo Promo Code, 30% off Booking.com promo code with flash sale deals, Exclusive Expedia coupon - Save 25% or more + Extra 5%, Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, We Hope Your iPhone Never Gets Stolen. Get this delivered to your inbox, and more info about our products and services. ByteDance posts record profit despite TikTok losses Booming 2022 helps it overtake Chinas long-reigning tech giants Tencent and Alibaba for first time March 29 Events & Presentations. 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. 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. The hard part may be turning the designs into real clothes. Renewables firms went from spending an annual average of around $24m between 2013 and 2020, to $38m in 2021 and $47m in 2022. Sign up for free newsletters and get more CNBC delivered to your inbox. (if applicable) for The Wall Street Journal. Get full access to all features within our Business Solutions. TikTok has rapidly increased its revenue generation in the past few years. The news comes after Chinese regulators launched a cybersecurity review into homegrown ride-hailing service Didi, which listed on the New York Stock Exchange last month. Chart. Analysis and advice on how technology is disrupting fashion and creating new opportunities. 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. 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. Portfolio Management Commentary Agenda-setting intelligence, analysis and advice for the global fashion community. ByteDance's valuation in March 2020 was $105,000 - $140,000M. "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.. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. In 2021, it generated $4.6 billion, a 142% increase year-on-year. October 7, 2022. I just got a royalty check, right?That's the situationjust a passive shareholder who collects money and/or writes a check if the company is not doing well. $ + tax It will have nothing to do with any outside land, any outside country, it will have nothing to do with China," Trump said. TikTok, known as Douyin in its home market, was launched in China in September 2016. As 2023 gets underway, the pressure on fashions new favourite app is only set to increase. [Online]. Reuters. 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Even with the slowdown in downloads due to Indias ban and both Facebook and Snapchat launching clones of TikTok, the app remains one of the fastest growing in the world. Statista. 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? 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.

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