Chinese unicorn ByteDance beats expectations, books $7b H1 revenue

Chinese unicorn ByteDance beats expectations, books $7b H1 revenue

Photo: REUTERS

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 ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people familiar with the matter told Reuters.

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