Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
ByteDance, the Chinese parent company of massively popular psyop against western teenagers TikTok, has achieved a massive 60 percent increase in profits for 2023, outpacing Chinese competitors like gaming giant Tencent.that ByteDance’s earnings before interest, tax, depreciation, and amortization skyrocketed to more than $40 billion in 2023, a staggering 60 percent increase from the previous year’s $25 billion.
Shou Zi Chew, chief executive officer of TikTok Inc., during an interview at the TikTok office in New York, U.S., on Thursday, Feb. 17, 2022. ByteDance’s success can be attributed to its ability to leverage its popular short-video platforms to expand into international e-commerce and maintain its global popularity.
Overseas, the successful rollout of TikTok Shop in markets like the United States and Southeast Asia has unlocked new revenue sources beyond digital marketing. TikTok aims to grow its US e-commerce business tenfold this year, capitalizing on its 170 million users in the country.that could ban TikTok unless ByteDance sells the app.
Despite these obstacles, ByteDance has started to streamline its operations by cutting jobs in its gaming development and enterprise software units, which had failed to meet expectations. The company is now focusing on catching up with the latest trend in generative AI by building its own chatbots and large language models.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Trump’s ‘hush money’ case is bigger than hush moneyThe judge in the case Monday reinforced that this is also about whether Trump’s actions “unlawfully influence[d]” the election. Here’s what we can say about the impact.
Read more »
Coalition Forms to Protect Progressive 'Squad' Members from Big-Money SpendingA coalition of liberal groups called Reject AIPAC has been formed to counter the proposed big-money spending by entities linked to AIPAC and protect progressive 'Squad' members in Congress. The coalition aims to support Democrat politicians who have been targeted by AIPAC due to their criticisms of Israel.
Read more »
Big-money Eagles signing Bryce Huff says Seahawks pursued him in free agencyBryce Huff had a standout season with the New York Jets in 2023.
Read more »
Big money floods race to replace Sen. Mitt RomneyBig money has started rolling in for Utah's first competitive Republican primary for an open Senate seat in three decades.
Read more »
After big projects divided north Denver neighborhoods, federal money will pay for street, pedestrian crossingsThe recent award of nearly $36 million in a federal grant for projects in Globeville and Elyria-Swansea — Denver neighborhoods long divided by highways, railroad tracks and the South Platte R…
Read more »
8 Spring Fashion Finds to Shop During the Amazon Big Spring SaleAmazon's Big Spring Sale offers deals on many categories — we rounded up eight spring fashion finds to shop during the sale!
Read more »