TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020

Despite a turbulent year largely affected by regulatory interference from the Trump administration, TikTok's Beijing-based parent company ByteDance has now reported a 111 percent growth in revenue across 2020.In concrete figures, the massive surge in revenue equated to roughly $34.4 billion USD, with gross profits also increasing by 93 percent to $19 billion USD. The company was founded back in 2012 by Chinese entrepreneur Zhang Yiming and has since raised billions in funding, owning the likes o...