TikTok owner ByteDance's 2021 sales grow by 70%

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BEIJING/HONG KONG (Jan 20): TikTok owner ByteDance saw its total revenue grow by 70% year on year to around US$58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies.The figures were disclosed to a small group of employees at an internal meeting of the social media giant this week, according to the people.In 2020, the Beijing-based company's total revenue grew by over