TECHNO SPORTS - Dec 28 - TikTok has recorded a $119.5M loss over 2019 in its U.K. business, driven by costs attributing to advertising and marketing, providing a rare insight into how quickly the app is expanding. TikTok's parent company, ByteDance, has not provided information about global revenue figures, but U.K. sales amounted to $20M over 2019. Expenses related to sales and marketing came to $109M over the year.
by Aliasgar Ayaz
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