EXCLUSIVE TikTok owner ByteDance's revenue growth slowed to 70% in 2021 - sources [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Reuters
billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its grip on big tech companies. The figures were disclosed to a small group of employees at an internal meeting this week, according to the people. In 2020, the Beijing-based company's total revenue grew by over 100% to $34.3 billion, Reuters has reported. read more ByteDance did not immediately respond to a request for comment. Chinese tech giants from Tencent to Alibaba have reported slowing growth amid a wide-ranging crackdown by the country's regulators who have rolled out new rules that have impacted how such companies carry out deals and interact with their users. The social media giant retained its second-ranked position in China's online advertising market last year, with a market share of 21%, according to a recent report published by researcher Interactive Marketing Lab Zhongguancun. The number one position was still held by e-commerce giant Alib
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website