Chinese company ByteDance, which owns TikTok, is on track to earn $50 billion (about ₹4.5 lakh crore) in profits in 2025, Bloomberg reported. ByteDance amassed net income of $40 billion over the year's first three quarters, bringing its earnings close to its rival Meta, which is projected to earn $60 billion this year. ByteDance has already surpassed its internal targets.