ByteDance Annual Revenue in 2021 Is About $58 Billion USD, Y-o-Y Increase of 70%

(Source: ByteDance)

Reuters reported on Thursday that the total revenue of TikTok’s parent company, ByteDance, increased by 70% year-on-year in 2021 to about $58 billion, a slower growth rate than a year ago. The lower growth numbers may be due to the tightening of supervision on large technology companies by authorities, according to two people familiar…