Amid the coronavirus outbreak, ByteDance was able to buck slowdowns across industries in digital advertising. Instead, ByteDance's apps — including hits outside of the US like Jinri Toutiao, Douyin, and Vigo Video — have benefited from a global uptick in use of social platforms, as millions were placed under lockdown and spent more time indoors.
Looking ahead, ByteDance has reportedly set a 2020 revenue goal of about 200 billion yuan, around $28.2 billion. That revenue figure is $11.2 billion more than
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