ByteDance’s first-half net profit reportedly fell to $20 billion amid higher AI spending
This story is from 2026-09-16. It is preserved in the archive; the latest stories are on the live feed.
ByteDance’s first-half net profit reportedly fell to $20 billion as AI spending increased, according to three people familiar with the company’s finances cited by The Information. Revenue reached $120 billion, up about 30% year on year, with TikTok’s international advertising and e-commerce busines…
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- 2026-09-16 06:21 · TechNode
ByteDance’s first-half net profit reportedly fell to $20 billion amid higher AI spending
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