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
Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo BEIJING/HONG KONG, Jan 20 (Reuters) - ByteDance, the owner of short video app TikTok, saw its total revenue grow by 70% year-on-year to around $58 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 th
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- 2/14/24 - Form 13F-HR
- BABA's page on the SEC website