Liza Lin / Wall Street Journal:
Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B compared to 2019, while gross profit rose 93% YoY to $19B  —  ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff  —  ByteDance Ltd., the owner of popular short-video app TikTok …

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