TikTok's parent company, ByteDance, saw a 60% revenue increase in 2023, Bloomberg reported.
TikTok has driven ByteDance's recent success, allowing it to break into global e-commerce markets.
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AdvertisementRevenue to ByteDance, TikTok's parent company, grew by about 60% last year, blowing its competition out of the water.
That success was powered by "TikTok Shop," which helped ByteDance, a Chinese company, break into international e-commerce markets in the United States and Southeast Asia.
Persons:
TikTok, —
Organizations:
Bloomberg, Service, Business
Locations:
ByteDance, United States, Southeast Asia