Jing Yang / The Information:
Sources: ByteDance’s revenue in China grew 25% YoY in 2022 to $69B, vs. 68% in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022, thanks to TikTok — ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin.
