Tiktok’s recipe last year was responsible for a quarter of Bytedance’s total profit, which reached a new record despite the reduction of its operations in China
International revenue from the fired last year, as the Chinese matrix bytedance had a deadline to sell the application, otherwise it would face a ban on the vehicle reported The Information on Thursday (10). According to an unidentified source, but specializing in technology, the company’s profits with international operations, particularly in Tiktok, increased by 63% by 2024 to $ 39 billion ($ 24.4 billion reais at the time). Tiktok’s recipe last year was responsible for a quarter of Bytedance’s total profit, which reached a new record despite the reduction of its operations in China, according to The Information.
The same source stated that Bytedance’s net income grew 6% by 2024 and reached $ 33 billion (204.3 billion reais at the time of the time). Last week, US President Donald Trump reached for 75 days the April 5 to make Tiktok a non -Chinese buyer to avoid being banned in the United States for national security reasons. The Republican President said on Sunday that there was an agreement to sell Tiktok, but Recent Washington tariffs on Beijing hurt the deal. Although Bytedance has recently confirmed that it is in negotiations with the United States government to find a solution, it has warned that “important issues” still need to be resolved.
*With information from AFP
Posted by Sarah Paula
