DESPITE US TIKTOK BAN, BYTEDANCE’S REVENUE DOUBLED TO $35 BILLION IN 2020

Highlights

• ByteDance was successful in growing its operating profit to roughly $7 billion last year, which is $4 billion lesser than what was achieved in 2019

• The former US President Donald Trump had signed an executive order on August 6, 2020 and forced its sale to American investors led by tech giant Oracle Corp

• It is being said that ByteDance is exploring an initial public offering for some....