AceBajaj
2021-06-17
Watch this space! This company when listed should be one to hold for the long run!
TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion<blockquote>TikTok 所有者字节跳动年收入跃升至 343 亿美元</blockquote>
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This company when listed should be one to hold for the long run!","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/161882643","repostId":1162768247,"repostType":4,"repost":{"id":"1162768247","kind":"news","pubTimestamp":1623911907,"share":"https://www.laohunote.com/m/news/1162768247?lang=zh_CN&edition=full","pubTime":"2021-06-17 14:38","market":"us","language":"en","title":"TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion<blockquote>TikTok 所有者字节跳动年收入跃升至 343 亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162768247","media":"The Wall Street Journal","summary":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance h","content":"<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff</p><p><blockquote>根据给员工的备忘录，字节跳动去年的毛利润增长了 93%，达到 190 亿美元</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c817a3fe56161425ab51576dd52e5b\" tg-width=\"1260\" tg-height=\"840\"><span>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.</span></p><p><blockquote><p class=\"t-img-caption\"><span>根据一份公司备忘录，截至 2020 年 12 月，字节跳动所有平台的月活跃用户约为 19 亿。</span></p></blockquote></p><p> ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.</p><p><blockquote>流行短视频应用 TikTok 的所有者字节跳动有限公司告诉员工，该公司去年的收入翻了一番多，达到 343 亿美元，这凸显了这家中国科技巨头为何是全球最热门的初创公司之一。</blockquote></p><p> The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.</p><p><blockquote>这家私营公司周四与员工分享了2020年财务业绩的亮点。根据《华尔街日报》看到的一份公司备忘录摘录，字节跳动表示，其总收入同比增长 111%，毛利润增长 93%，达到 190 亿美元。</blockquote></p><p> ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.</p><p><blockquote>根据备忘录，截至2020年12月，字节跳动所有平台的月活跃用户约为19亿。该公司还运营病毒式应用，如抖音（中国国内相当于抖音的抖音）和一款名为金日头条的新闻聚合应用。</blockquote></p><p> The Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.</p><p><blockquote>这家总部位于北京的公司告诉员工，去年1月至12月，该公司遭受了21亿美元的运营亏损。据一位知情人士透露，亏损的部分原因是向工人支付股份薪酬产生的费用增加。2019年，字节跳动公布的营业利润为6.84亿美元。</blockquote></p><p> Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.</p><p><blockquote>其2020年的净亏损总计450亿美元，主要是由于该公司为增加其可转换可赎回优先股的公允价值而进行的会计调整。筹集了外部资金的初创公司如果按照国际财务报告准则准备业绩，通常不得不随着估值的上升而承担这些非现金费用。</blockquote></p><p> ByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.</p><p><blockquote>字节跳动由中国企业家张一鸣于2012年创办，已从包括KKR&Co.、红杉资本和通用大西洋在内的全球投资者那里筹集了数十亿美元。经过包括富达投资公司及其一些现有股东在内的一轮融资，该公司在 2020 年底的估值为 1800 亿美元。</blockquote></p><p> ByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.</p><p><blockquote>据一位知情人士透露，字节跳动正在考虑在香港或纽约上市。该公司尚未为首次公开募股制定任何时间表。</blockquote></p><p> Early this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.</p><p><blockquote>今年年初，字节跳动在国内规模较小的竞争对手之一、短视频应用运营商快手科技在香港上市，融资 54 亿美元。快手最近的市值约为 1030 亿美元，该公司公布的 2020 年收入约为 92 亿美元。</blockquote></p><p> In China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.</p><p><blockquote>在中国，TikTok 被广泛认为是中国最成功的移动互联网出口。这款广受欢迎的短视频应用在美国的下载量已超过2.4亿次，青少年和成年人都发布了自己假唱、跳舞甚至提供理财建议的视频剪辑。</blockquote></p><p> ByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.</p><p><blockquote>字节跳动从 TikTok 获得的收入主要来自广告。该公司还将社交媒体之外的业务扩展到游戏和电子商务等领域。</blockquote></p><p> While ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.</p><p><blockquote>虽然字节跳动没有按应用程序细分其 19 亿月活跃用户，但其规模可与Alphabet公司旗下的 YouTube 相媲美，后者在 4 月份重申，有超过 20 亿用户登录其网站观看视频。2019年底，字节跳动月活跃用户约15亿。</blockquote></p><p> Last year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.</p><p><blockquote>去年，美国前总统唐纳德-特朗普（Donald Trump）政府将 TikTok 列为国家安全威胁，并试图禁用该应用，字节跳动因此成为美中关系的焦点。本月，拜登总统撤销了禁令，转而发布了一项行政命令，要求对外国对手控制的应用程序进行广泛审查。</blockquote></p><p> At home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.</p><p><blockquote>在国内，字节跳动也遇到了一些动荡，因为中国当局试图打击其强大的科技行业的过度行为。字节跳动今年因数据使用不当和内容有问题等违规行为被当局传唤。</blockquote></p><p> Last month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.</p><p><blockquote>上个月，由于政府对该行业的审查日益严格，张先生辞去了首席执行官的职务。据知情人士透露，在公司管理层变动后，字节跳动启动了员工股票回购计划。</blockquote></p><p> In June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.</p><p><blockquote>今年 6 月，字节跳动的两款应用被中国网信办列入 129 款过度收集用户个人信息的应用名单。当局告诉所有应用程序纠正这种情况。此前一个月，抖音也发布了类似的命令。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion<blockquote>TikTok 所有者字节跳动年收入跃升至 343 亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion<blockquote>TikTok 所有者字节跳动年收入跃升至 343 亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-06-17 14:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff</p><p><blockquote>根据给员工的备忘录，字节跳动去年的毛利润增长了 93%，达到 190 亿美元</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c817a3fe56161425ab51576dd52e5b\" tg-width=\"1260\" tg-height=\"840\"><span>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.</span></p><p><blockquote><p class=\"t-img-caption\"><span>根据一份公司备忘录，截至 2020 年 12 月，字节跳动所有平台的月活跃用户约为 19 亿。</span></p></blockquote></p><p> ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.</p><p><blockquote>流行短视频应用 TikTok 的所有者字节跳动有限公司告诉员工，该公司去年的收入翻了一番多，达到 343 亿美元，这凸显了这家中国科技巨头为何是全球最热门的初创公司之一。</blockquote></p><p> The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.</p><p><blockquote>这家私营公司周四与员工分享了2020年财务业绩的亮点。根据《华尔街日报》看到的一份公司备忘录摘录，字节跳动表示，其总收入同比增长 111%，毛利润增长 93%，达到 190 亿美元。</blockquote></p><p> ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.</p><p><blockquote>根据备忘录，截至2020年12月，字节跳动所有平台的月活跃用户约为19亿。该公司还运营病毒式应用，如抖音（中国国内相当于抖音的抖音）和一款名为金日头条的新闻聚合应用。</blockquote></p><p> The Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.</p><p><blockquote>这家总部位于北京的公司告诉员工，去年1月至12月，该公司遭受了21亿美元的运营亏损。据一位知情人士透露，亏损的部分原因是向工人支付股份薪酬产生的费用增加。2019年，字节跳动公布的营业利润为6.84亿美元。</blockquote></p><p> Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.</p><p><blockquote>其2020年的净亏损总计450亿美元，主要是由于该公司为增加其可转换可赎回优先股的公允价值而进行的会计调整。筹集了外部资金的初创公司如果按照国际财务报告准则准备业绩，通常不得不随着估值的上升而承担这些非现金费用。</blockquote></p><p> ByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.</p><p><blockquote>字节跳动由中国企业家张一鸣于2012年创办，已从包括KKR&Co.、红杉资本和通用大西洋在内的全球投资者那里筹集了数十亿美元。经过包括富达投资公司及其一些现有股东在内的一轮融资，该公司在 2020 年底的估值为 1800 亿美元。</blockquote></p><p> ByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.</p><p><blockquote>据一位知情人士透露，字节跳动正在考虑在香港或纽约上市。该公司尚未为首次公开募股制定任何时间表。</blockquote></p><p> Early this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.</p><p><blockquote>今年年初，字节跳动在国内规模较小的竞争对手之一、短视频应用运营商快手科技在香港上市，融资 54 亿美元。快手最近的市值约为 1030 亿美元，该公司公布的 2020 年收入约为 92 亿美元。</blockquote></p><p> In China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.</p><p><blockquote>在中国，TikTok 被广泛认为是中国最成功的移动互联网出口。这款广受欢迎的短视频应用在美国的下载量已超过2.4亿次，青少年和成年人都发布了自己假唱、跳舞甚至提供理财建议的视频剪辑。</blockquote></p><p> ByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.</p><p><blockquote>字节跳动从 TikTok 获得的收入主要来自广告。该公司还将社交媒体之外的业务扩展到游戏和电子商务等领域。</blockquote></p><p> While ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.</p><p><blockquote>虽然字节跳动没有按应用程序细分其 19 亿月活跃用户，但其规模可与Alphabet公司旗下的 YouTube 相媲美，后者在 4 月份重申，有超过 20 亿用户登录其网站观看视频。2019年底，字节跳动月活跃用户约15亿。</blockquote></p><p> Last year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.</p><p><blockquote>去年，美国前总统唐纳德-特朗普（Donald Trump）政府将 TikTok 列为国家安全威胁，并试图禁用该应用，字节跳动因此成为美中关系的焦点。本月，拜登总统撤销了禁令，转而发布了一项行政命令，要求对外国对手控制的应用程序进行广泛审查。</blockquote></p><p> At home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.</p><p><blockquote>在国内，字节跳动也遇到了一些动荡，因为中国当局试图打击其强大的科技行业的过度行为。字节跳动今年因数据使用不当和内容有问题等违规行为被当局传唤。</blockquote></p><p> Last month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.</p><p><blockquote>上个月，由于政府对该行业的审查日益严格，张先生辞去了首席执行官的职务。据知情人士透露，在公司管理层变动后，字节跳动启动了员工股票回购计划。</blockquote></p><p> In June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.</p><p><blockquote>今年 6 月，字节跳动的两款应用被中国网信办列入 129 款过度收集用户个人信息的应用名单。当局告诉所有应用程序纠正这种情况。此前一个月，抖音也发布了类似的命令。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","01024":"快手-W"},"source_url":"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162768247","content_text":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.\nByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.\nThe privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.\nThe Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.\nIts net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.\nByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.\nByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.\nEarly this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.\nIn China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.\nByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.\nWhile ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.\nLast year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.\nAt home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.\nLast month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.\nIn June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.","news_type":1,"symbols_score_info":{"00700":0.9,"01024":0.9}},"isVote":1,"tweetType":1,"viewCount":1357,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MKFG","AONE.U"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":67,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/161882643"}
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