ByteDance posts over $7 billion revenue for H1

The results for the TikTok owner have been better than expected, say media reports

e4m by exchange4media Staff
Updated: Sep 30, 2019 3:01 PM

TikTok owner ByteDance has posted a revenue of $7 billion to $ 8.4 billion for the first half, as per media reports.

The results have reported to be better than expected.

ByteDance has revised its target for 2019 to 120 billion yuan from its earlier goal of 100 billion yuan that was set last year, some news reports said.

According to some reports, ByteDance’s revenue for 2018 was over $7billion.

The start-up is also the owner of Chinese news aggregator Jinri Toutiao.

A global count of ByteDance's apps stands at 1.5 billion Monthly Active Users and 700 million Daily Active Users.

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