District of Columbia

TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside the US, Asia

by
TikTok’s 2023 revenue rises 75% in Europe, UK and other markets outside the US, Asia

ByteDance-owned international short video-platform TikTok has reported total revenue of US$4.6 billion in 2023, an increase of nearly 75 per cent from a year earlier, in markets excluding the United States, Asia and Oceania. TikTok, which has more than 1 billion users worldwide, attributed that rise to “the continued growth of [its] user base”, “enhanced … Read more

TikTok and parent ByteDance call security concerns in US divest-or-ban law ‘speculative’

by
TikTok and parent ByteDance call security concerns in US divest-or-ban law ‘speculative’

TikTok and parent firm ByteDance depicted the security concerns raised by American lawmakers and government officials about the short video platform as purely “speculative” and without evidence to validate accusations against the popular app. That description was made in a legal brief filed on Thursday by TikTok and ByteDance, which asserted that the basis of … Read more