Source: China – South China Morning PostTikTok owner ByteDance has denied claims on Chinese social media that it raked in more advertising revenue last year than all of the country’s television channels combined. The post, published on Wednesday by the online account “Daily Innovation Observation”, based its speculation on a Reuters report in early January that ByteDance’s 2021 revenue reached US$58 billion, along with the author’s assumption that advertising accounted for 77 per cent of the company’s income. The post concluded that…Read More