The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

ByteDance’s profit surges 79%, exceeding Alibaba and Tencent: report

April 10, 2023
Source: livemint.com livemint.com
News Snapshot:
ByteDance Ltd.’s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported. Earnings before interest, tax, depreciation and amortization, or Ebitda, jumped 79% to about $25 billion in 2022, the report said, citing two investors briefed on the numbers. Tencent reported Ebitda of 164 billion yuan ($23.9 billion) for 2022 in its preliminary earnings statement, while Alibaba’s figure for the same period is about $22.7 billion, according to Bloomberg-compiled data. Bloomberg reported last week that ByteDance’s revenue surged more than 30%...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: AI | Alibaba | Amazon | America | Bloomberg | ByteDance | China | Chinese | currency | finance | India | Internet | investment | online shopping | online video | Renminbi | revenue | social media | technology | Tencent | TikTok | United States | USA | Washington | Yuan

Other News:

Z.ai Unveils GLM-5.3, a Revolutionary Open-Source Language Model

August 15, 2026

China Counterattacks Western Quantum Threats With New Open-Source Cryptography Engine

August 15, 2026

AI Takes Charge: China’s Leap in Weather Forecasting

August 15, 2026
devdiscourse.com devdiscourse.com

EyePoint Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

August 15, 2026
manilatimes.net manilatimes.net

Profound Medical Announces Management Change

August 15, 2026
manilatimes.net manilatimes.net

Trump’s Flurry of National Security Policies

August 15, 2026
foreignpolicy.com foreignpolicy.com

Apple Loop: iPhone 18 Pro Stock Warning, iOS Reveals New iPhones, MacBook Air Memory Issues

August 15, 2026
forbes.com forbes.com

Dollar sold after weak Retail Sales and UoM but yields rise – Newsquawk US Market Wrap

August 15, 2026
zerohedge.com zerohedge.com

Android Circuit: Pixel 11 Pro And Made By Google, Galaxy Z Fold8 Success, Honor Robot Arrives

August 15, 2026
forbes.com forbes.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.