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Cyber & Technology April 20, 2026 267 stories in this edition

ByteDance profit plunges on AI push as TikTok Shop powers overseas growth: reports

SCMP Asia / Asia / 1m ago / Coco Feng
ByteDance profit plunges on AI push as TikTok Shop powers overseas growth: reports

Preview Brief

ByteDance, the parent company of TikTok and Douyin, saw its net profit plummet by more than 70 per cent in 2025 as it poured money into artificial intelligence, according to Chinese media reports. At the same time, revenue from overseas markets surged by nearly 50 per cent, far outpacing the roughly 20 per cent growth in China, according to reports on Monday by outlets including Securities Times and 36Kr, which cited...

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ByteDance, the parent company of TikTok and Douyin, saw its net profit plummet by more than 70 per cent in 2025 as it poured money into artificial intelligence, according to Chinese media reports. At the same time, reven...

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