CoinScoopByteDance Reports 30% Revenue Growth in First Half of 2024
ByteDance reported a 30% year-over-year revenue increase to $120 billion for the first half of 2024, driven by strong performance in TikTok's international advertising and e-commerce sectors. However, net profit declined by a single-digit percentage to $20 billion, attributed to increased investment in artificial intelligence. The company's valuation is estimated at approximately $630 billion.
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