BEIJING/HONG KONG: China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan in a better-than-expected result for the first half, people familiar with the matter told Reuters.
Earnings figures for last year were not immediately available. According to online tech news outlet The Information, ByteDance revenue for the whole of 2018 was US$7.2 billion.The seven-year-old startup, which separate sources have said was valued at US$78 billion late last year, also owns Chinese news aggregator Jinri Toutiao, meaning"Today’s Headlines", as well as a domestic version of TikTok, known as Douyin.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football: Wolves beat Watford 2-0 to secure first league win of seasonWolverhampton Wanderers beat Watford 2-0 to claim their first win of the Premier League season thanks to a first-half strike by Matt Doherty and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Number of road accidents involving pedestrians aged over 60 rose in first half of 2019Almost 32 per cent of accidents involving older pedestrians were due to jaywalking. . Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore workplace fatalities dip in first half of 2019, but injuries riseWORKPLACE deaths have taken a dip in the first half of this year to reach a seven-year low. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Fewer workplace fatalities in first half of 2019, but injuries increaseSINGAPORE - Workplace deaths have taken a dip in the first half of this year to reach a seven-year low.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
British PM Boris Johnson poised to unveil as much as US$6 billion in broadband fundLONDON(BLOOMBERG) - UK Prime Minister Boris Johnson is set to announce as much as 5 billion pounds (S$8.5 billion) in government funding for faster telecom networks, according to a person familiar with the matter.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Price becomes first American woman to win hammer world titleDOHA: DeAnna Price won the women's hammer at the world athletics championships on Saturday to become the first U.S. athlete to claim the title. ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »