TikTok’s parent company Bytedance made $3 billion in profits in 2019
According to industry estimates, TikTok’s advertising revenue in India grew by 50% in one year, but the company is yet to bag a significant share of India’s Rs. 17,000 crore digital advertising market
TikTok owner Bytedance made over $3 billion in net profit last year, according to a report by Bloomberg. Inside sources told the publication that the company made $17 billion in revenue last year, which is double what the company made in 2018. This also makes the startup worth over $100 million.