As a financial report shared with employeesWith huge sums of money to maintain a strong growth momentum, TIKTOK's parent company's bytes beating last year's operating loss increased to 7 billion US dollars (the same, about S $ 10 billion), which was more than three times the previous year.
The Wall Street Journal quoted the report that the byte beating achieved operating profits in the first fiscal quarter of 2022, indicating that one of the world's highest valuation startups has experienced many years of huge losses for many years.Afterwards, turning may appear.
As a non -listed company headquartered in Beijing, the byte beating strictly protects its financial information and does not disclose its performance.The report was distributed to employees in August this year, covering the fiscal year, fiscal year 2021, and the first quarter of fiscal year in fiscal year. It is one of the most detailed analysis reports on the company's performance and future planning.
The report shows that the company's income has grown rapidly, accumulating a lot of cash and other investment, but net performance has been dragged down by tens of billions of dollars in market losses that are tens of billions of dollars in convertible securities.
According to the above reports, the accounting treatment methods of these securities were expanded by more than 87%in 2021 to $ 84.9 billion in 2021.
According to reports, the revenue of byte beating continues to expand, and the income increase in 2021 nearly 80%to $ 61.7 billion, but as the company focuses on increasing, its expenditure is also increasing.The sales cost of this Chinese company in 2021 was $ 27.4 billion, an increase of 79%year -on -year.Factors to offset their rapid growth include: US $ 14.6 billion in R & D expenditure, $ 19.2 billion in sales and marketing expenses, and a series of market value changes in a series of convertible securities of $ 75.6 billion.These expenditures increased by more than 76%compared with 2020.
The report said that the company's total operating loss in 2021 was US $ 7.15 billion, which was much higher than US $ 2.14 billion in 2020.
Among the products beating its products, Tiktok's popularity in the United States is far ahead. The company also operates some applications with hundreds of millions of users in China, including short video applications Douyin and today's headlines.The Wall Street Journal's report did not list the specific performance of the company's department.
The revenue of the three months in the first three months of the byte beating reached nearly 18.3 billion US dollars, a year -on -year increase of nearly 54%.The company showed signs of starting to control expenditure. The current net loss was $ 4.7 billion, a decrease of nearly 84%from US $ 29.1 billion in the same period last year.
In the context of the impact of the government's Internet company's rectification of the technology industry, this narrowing of net loss in the first quarter of 2022 may reflect the re -adjustment of the byte beating.
Byte beating was founded by Chinese entrepreneur Zhang Yiming in 2012, and has raised funds from global investors to pay 100 billion US dollars. These investors include KKR Co., Sequoia Capital, and Pan -Gention Oceaninvestment group.At the end of 2020, the byte beating made a round of financing. Fidelity Investment and some original shareholders participated in it. At that time, the company's valuation of the company was US $ 180 billion.
Byte beating has been put on the listing plan. According to the Wall Street Journal last month, byte beating proposes to repurchase stocks to investors with a valuation of $ 300 billion.Bytes beating has a valuation of nearly $ 400 billion in previous market transactions.
Although the expenditure increases, the byte beating has been trying to increase the cash and cash equivalent in their hands. At the end of March, the scale reached 42.6 billion US dollars, which was higher than $ 34.1 billion at the end of 2021.The total assets of bytes beating in March this year were US $ 74 billion, higher than US $ 64.3 billion in December 2021.
Competitors have pointed out that the strong funds held by byte beating are the key competitive advantages that can promote the rapid rise of TIKTOK in the United States.
Snap's chief executive Evan Spiegel said last month that the company's layoff plan had said that Tiktok's birth was "unimaginable."Spiegel said that no startup in the world can desperately smash money to get users.
The financial report released by byte beating is part of its special issuance of restricted stock units to the company's more than 30,000 employees.Byte beating wrote in an email sent to employees that although the market may fluctuate, they are still confident in their own business and organization's strength.
According to people familiar with the matter, as of the end of 2021, the byte beating has more than 130,000 employees worldwide.
In more than 100 pages of financial reports, byte beating lists 46 risk factors that employees should consider when receiving limited stock units that are issued.Among these risk factors, there is a warning employee that these stocks are not listed on the stock exchange and should be prepared to hold these stocks indefinitely.
Another mention of business -related risks in China.The report states that if the company does not meet government regulations, or if future regulations change, the company may be severely punished or forced to abandon the rights and interests of these businesses.
This kind of information disclosure is very common in Chinese technology companies, but other companies do not have such a scale business like Tiktok in the United States.
U.S. officials continue to promote the actions initiated by the Trump administration, and with Tiktok executives aim to prevent the company's measures that the millions of U.S. users will collectAfter more than a year of negotiations.
Last year, the expansion of byte beating in many new fields led to increased expenditure.The company acquired in the field of game, including a transaction from Shanghai Mu Tong Technology Co., Ltd. in March 2021, which costs $ 4 billion, and the latter is a game studio that develops endless game.
According to people familiar with the matter, in terms of supporting artificial intelligence and advanced process chips, byte beating has also accelerated talent recruitment and research.
According to an employee who participated in the August Conference in August, Liang Rubo, CEO of bytes, said at the meeting that he reflected the bloated of the company's organization and said that he would continue to reduce costs and increase efficiency.
Liang Rubo told employees that the byte beating has not reached expectations in the past year.
