Most of us know ByteDance as the China-based parent company of video app TikTok, which was supposed to be banned in the United States.
It’s not year clear what’s going on with the ban, but ByteDance’s business didn’t skip a beat last year… in fact, the company’s revenue doubled to ~$37B in 2020, according to The Information.
In addition to TikTok, ByteDance owns 2 huge ad-based Chinese apps:
ByteDance is currently valued at $180B, but when it goes public — which it wants to do in 2021 — it will likely skyrocket based on 2 comparisons:
In sum: 👀 🚀
Check out our related coverage: