ByteDance certainly has something to dance about… its increased its revenues 111 per cent last year to $34bn.

Earnings doubled

ByteDance is the Chinese company behind the smash-hit video app TikTok.. and its revenue jumped by one hundred and eleven per cent to 34.3 billion dollars fin 2020.

This shows TikTok’s global popularity and dominating presence in the world of social media.

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 per cent to to $19bn dollars.