ByteDance, parent of video sharing platform TikTok, is on track to earn profit of around $50 billion in 2025. This has been a record year for the Chinese social media leader as it makes major inroads into e-commerce and new markets. ByteDance, parent of video sharing platform TikTok, is on track to earn profit of around $50 billion in 2025. This has been a record year for the Chinese social media leader as it makes major inroads into e-commerce and new markets. by Soban News (international And National News)