TikTok Owner ByteDance's Revenue Growth Slows as China Tightens Regulations on Big Tech

With China tightening regulations on big tech companies in the region, TikTok's parent company ByteDance has now been hit with slowing revenue growth over fiscal 2021.According to a new report from Reuters, the Chinese tech giant managed to push revenues to grow by 70% over the past year, bringing in $58 billion USD. Despite the figures, its performance pales in comparison to that of 2020, when ByteDance's revenues grew by more than 100% with $34.3 billion USD coming in. Over the year, users spe...