{"id":1899,"date":"2021-06-18T10:03:47","date_gmt":"2021-06-18T08:03:47","guid":{"rendered":"https:\/\/costops.com\/index.php\/2021\/06\/18\/bytedance-revenues-more-than-double-on-back-of-tiktok-boom\/"},"modified":"2021-06-18T10:03:47","modified_gmt":"2021-06-18T08:03:47","slug":"bytedance-revenues-more-than-double-on-back-of-tiktok-boom","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/06\/18\/bytedance-revenues-more-than-double-on-back-of-tiktok-boom\/","title":{"rendered":"ByteDance revenues more than double on back of TikTok boom"},"content":{"rendered":"<p>Owner of video-sharing app also reports a 93% increase in gross profit to $19bn in 2020<\/p>\n<p>ByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed.<\/p>\n<p>The company, which last year <a href=\"https:\/\/amp.theguardian.com\/technology\/2020\/aug\/10\/microsoft-tiktok-bargain-blunder-video-sharing-social-media\">weathered pressure from Donald Trump to sell its US operation<\/a> as part of a trade war with China, reported a 111% increase in revenues to $34.3bn (\u00a324.7bn).<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/jun\/18\/bytedance-revenues-more-than-double-on-back-of-tiktok-boom\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/f14286906f97e4517e4f9788e64043441fba87e9\/178_83_2659_1596\/master\/2659.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=5d19f0991595de8fb6da2bd110894757\" title=\"ByteDance revenues more than double on back of TikTok boom\" \/>Owner of video-sharing app also reports a 93% increase in gross profit to $19bn in 2020<br \/>\nByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed.<br \/>\nThe company, which last year weathered pressure from Donald Trump to sell its US operation as part of a trade war with China, reported a 111% increase in revenues to $34.3bn (\u00a324.7bn). Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Owner of video-sharing app also reports a 93% increase in gross profit to $19bn in 2020 ByteDance, the Chinese parent of TikTok, more than doubled its revenues last year as usage of the hugely popular video app boomed. The company, which last year weathered pressure from Donald Trump to sell its US operation as part &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/06\/18\/bytedance-revenues-more-than-double-on-back-of-tiktok-boom\/\"> <span class=\"screen-reader-text\">ByteDance revenues more than double on back of TikTok boom<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1899"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=1899"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/1900"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=1899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=1899"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=1899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}