The revenue of China's home company has increased the owner to apply Tech Tok in 2020 to exceed 34 billion.
According to Arab Net, the company said in a note to its employees. Net loss rose to $ 45 billion due to accounting procedures for compensating staff, while operating profit increased 93% to $ 19 billion.
The Chinese company has about two billion active users for its applications that include Tiktok and its local similarity in China Douyin.
Sources reported to Blumberg that the BYTEDANCE's assessment rose to $ 250 billion in the secondary market in March. This evaluation bytedance makes the highest value of companies such as Exxon Mobil and Coca-Cola.
The company's assessment has risen in recent months with high expectations for public subscription. The rise, despite uncertainty that is surrounded by the company because of the intention to manage former US President Donald Tremb against it.
The Turmab was seeking to force the Chinese company to sell the TIKTOK application of national security threat, but President Biden's last decision lifted the company's ban in the United States. The company's assessment reached 140 billion dollars during the final funding round.
