TikTok owner ByteDance denies report of profit surge in 2023, prepares to launch Instagram rival
ByteDance, the owner of short video app TikTok and its Chinese version Douyin, has denied a news report saying the company’s profits jumped 60 per cent last year, as it plans two new apps – one to rival Instagram and another targeting European users – amid political headwinds against TikTok in the United States. Bloomberg … Read more
