ByteDance hired Shou Zi Chew, a former executive at Chinese smartphone maker Xiaomi, as its CFO in March, fueling speculation about a potential IPO. Financial Get this delivered to your inbox, and more info about our products and services. Statement by Secretary Steven T. Mnuchin on the Presidents Decision Regarding the Acquisition by ByteDance Ltd. of the U.S. Business of musical.ly August 14, 2020 WASHINGTON As chair of the Committee on Foreign Investment in the United States (CFIUS), U.S. Treasury Secretary Steven T. Mnuchin today issued the following Which industries has this organization had the most exits in? Already a subscriber? Student Exchange. "Key Financial Figures of Bytedance in 1st Quarter of 2022 (in Billion U.S. WebChief Financial Officer: Charles Li: Chief Information Officer: Sally Wang: Director of Strategy & Investment: Youre viewing 5 of 24 executive team members. Mo told the FT that he was joking; he couldn't be reached by Insider. This added 80 million users, mostly in the US, which TikTok then imported to its own platform. Trump: Oracle, Walmart must have total control of TikTok. TikTok owner ByteDance saw its total revenue grow by 70 percent year-on-year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. WebRevenue at Chinese social-media giant ByteDance Ltd. rose by about 70% last year to roughly $58 billion, slowing from a year earlier, people familiar with the matter said, as We are delighted that you'd like to resume your subscription. Programmes. It is expected to surpass 1 billion monthly active users by the end of 2021. [Online]. The ideal entry-level account for individual users. ByteDance Company Profile: Funding & Investors | PitchBook Before ByteDance's Chinese statement on Monday, CNBC reported the company would retain an 80% stake in TikTok Global. TikTok ban is the least palatable of options | Reuters TikTok Owner ByteDances Annual Revenue Jumps to $34.3 Billion