TikTok owner ByteDance reportedly saw $5.6 billion revenue for Q1 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

TikTok's parent company reportedly saw $5.6 billion in revenue during the first three months of 2020

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sacré Tiktok

*Thanks to Covid-19

Countdown begins for the end of tiktok

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

These are the 2020 CNBC Disruptor 50 companiesCNBC reveals the 2020 Disruptor 50 list, identifying start-ups on the cutting edge of huge consumer, technology and business shifts — and already worth billions. JBoorstin JBoorstin Time to destroy the cult of communism once and for all. JBoorstin CNBC is a racist network,all the host and most of the reporters are white,yet all day long they ask company leaders what they are going to do about racism
Källa: CNBC - 🏆 12. / 72 Läs mer »

Meet the 2020 CNBC Disruptor 50 companiesJUST IN: The 8th annual Disruptor50 list is here! The start-ups on this list are turning ideas in cybersecurity, education, health IT, logistics/delivery, fintech and agriculture into a new wave of billion-dollar businesses. Here's the full list of the 2020 Disruptor50 companies: JessTheSuccess JoshSchlichting katerogers We need cyber security innovation in the small biz space. It’s hard to teach and implement the avg small biz owner about cs
Källa: CNBC - 🏆 12. / 72 Läs mer »