ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader making major inroads into e-commerce and new markets.
The Beijing-based parent company of TikTok is on track to hit that milestone after amassing net income of about $40 billion over the year’s first three quarters, people familiar with the matter said. It’s already surpassed its internal target for 2025, the people said, asking to remain anonymous to discuss private financials. That would take the company’s earnings…
