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> ByteDance has been making loads of money from Chinese domestic market enough to spend $1bn in ads in 2018? That just seems unlikely to me, but I could be wro

• disgruntledphd2 4y ago
  The Chinese market is very, very large.
  • slim 4y ago
    the chinese market does not pay in dollars
    • disgruntledphd2 4y ago
      Look man, what do you want anyone to say? ByteDance are private so we can't know for sure. Given the ARPU for Chinese users I've seen in various industries I find it entirely plausible that they paid for this out of profits.
• powerapple 4y ago
  Just imagine how Facebook can invest 36b on metaverse. It is not hard for company to invest for future returns, that's how it works. ByteDance is not lack of money, it has investors pushing its doors to hand over money to them, and they are very profit organization already. Spending $1b on ad is not exactly what they did, they invest $1b for contents (influencers), not pure ad. https://www.cnbc.com/2020/05/27/tiktok-bytedance-profit.html https://www.cnbc.com/2020/05/27/tiktok-bytedance-profit.html https://startuptalky.com/bytedance-success-story/ https://startuptalky.com/bytedance-success-story/ https://www.bloomberg.com/news/articles/2018-10-26/bytedance-is-said-to-secure-funding-at-record-75-billion-value https://www.bloomberg.com/news/articles/2018-10-26/bytedance...