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| HSCEI1 | 8,899.06 | +54.04 | 78.96B |
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ByteDance's 2025 NP Reportedly Plunges 70%+; TikTok Shop Full-Yr GMV Surges ~70%
2026-04-20 11:47:07 ByteDance's 2025 profit declined by over 70% YoY, dented by a substantial increase in spending during 3Q25 and 4Q25 on AI computing power procurement, model development and infrastructure, according to The Paper. TikTok Shop's full-year GMV hiked nearly 70% YoY, becoming the core growth engine of the Company's overseas business. Earlier reports indicated that TikTok Shop's active users have reached 400 million, with full-year GMV scale approaching US$100 billion. Of which, sales in the US market surged 108% YoY, while major European markets recorded growth exceeding 100%. ~ AASTOCKS Financial News Website: www.aastocks.com | |