Asia Tech Wire (Nov 5) -- TikTok's parent company ByteDance realized revenue of about $73 billion in the first half of this year, according to The Information.

The report said that the revenue came mainly from the advertising and e-commerce business of Chinese apps such as Douyin and Toutiao, which grew by more than 35%.

Notably, ByteDance recorded international revenue growth of more than 60% to about $17 billion in the first six months of the year.

The figures mean ByteDance is now almost as big as Facebook parent Meta Platforms, but growing even faster.

In the first half of this year, Meta's revenue grew 25% to $75.5 billion.