TikTok Owner May Launch a Publisher As Role in Book Marketing Grows

TikTok owner ByteDance applied for a trademark for a book publishing entity called 8th Note Press. The company is also hiring staff to “discover and sign authors” and ensure “novel completion.” ByteDance may be looking to build on its success with #BookTok by experimenting with publishing. TikTok has become a popular destination for readers to […]

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TikTok’s Chinese Owner Posts Record $25 Billion Profit, Report Says

ByteDance posted a profit of ​​$25 billion last year, the Financial Times reported. The TikTok owner increased its bottom line by almost 80% compared with 2021’s $14 billion result. It was valued at $300 billion in 2022, making it the world’s most valuable privately owned company. Loading Something is loading. Thanks for signing up! Access […]

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