ByteDance Dismisses Profit Growth Rumours as False

Bloomberg reported that ByteDance $ByteDance(FT0001)$ 's profit surged 60% YoY to US$40 billion, surpassing $TENCENT(00700.HK)$ and $BABA-SW(09988.HK)$ .
ByteDance responded to inquiries from Chinese media, denying the rumours and stating that the reported profit growth figures are untrue.