TikTok’s parent company Bytedance records huge profits

Available for over a year

Bytedance, a parent company with TikTok, which operates in China, has recorded 79% increase in its profits to around $25 billion dollars last year. Meanwhile China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds. And also - why are people in India consuming more ice cream in Winter? (Picture: A man stands near a sign of ByteDance app Douyin during China Fashion Week, in Beijing, China March 31, 2021. Reuters/Tingshu Wang)