TikToks spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year. And even if they are taken down, Brems said it's a difficult process. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. ByteDance will have a majority 80% stake in the new U.S.-based TikTok company. 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. 20 January 2022. Douyin, the Chinese version of TikTok, has over 700 million daily active users and is one of the most popular apps in the country. TikTok has a new CEO Lixiang, formerly known as Chehejia, is a car company that specializes in developing electric vehicles. ByteDance financials data including stock price, CreditSafe score, income statement, and acquistions and subsidiaries. We are delighted that you'd like to resume your subscription. 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 Financials | Craft.co All Rights Reserved. ByteDance's majority ownership appears to refute a claim made by President Donald Trump that the deal "will have nothing to do with China. TikTok, known as Douyin in its home market, was launched in China in September 2016. TikTok ban is the least palatable of options | Reuters TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020: Gross profits increased by 93%. Zhang Yiming, the founder and CEO of ByteDance, incorporated a similar AI-platform into TikTok, which is able to identify a users interests and feed them more relevant videos.
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