Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada. The federal agency said Friday that real gross domestic product was up 0.3 per cent in May, with growth in services-producing sectors offsetting declines in goods. A return …
Read More »India’s internet economy grew over 50 per cent in 2021, to touch $1 trillion by 2030: Redseer report
India’s internet economy is estimated to be growing over 50 per cent YoY in 2021. It is poised to touch $1 trillion by 2030, according to a report by Redseer Consulting. This growth is driven by a rapidly increasing internet penetration rate, high-speed internet access, and increased online shopping and …
Read More »Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B compared to 2019, while gross profit rose 93% YoY to $19B (Liza Lin/Wall Street Journal)
Liza Lin / Wall Street Journal: Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B compared to 2019, while gross profit rose 93% YoY to $19B — ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff — ByteDance …
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