New Delhi, 18 June 2021

As per news report of BBC, an internal memo released to staff showed that the firm's total revenue jumped by 111% to $34.3bn (£24.7bn) for 2020.The figures underscore TikTok's continued global popularity.It comes as ByteDance and several other Chinese technology giants have come under increasing pressure from governments around the world.ByteDance also saw its annual gross profit rise by 93% to to $19bn, while it recorded a net loss of $45bn for the same period.The net loss was attributed to a one-off accounting adjustment and not related to the company's operations.

Source -BBC

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