TikTok owner ByteDance sees its earnings double in 2020
ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm’s total revenue jumped by 111% to $34.3bn (£24.7bn) for 2020. The figures underscore TikTok’s continued global popularity. It comes as ByteDance and several other Chinese technology giants have come…