TikTok owner ByteDance sees its earnings double in 2020
It comes as ByteDance and several other Chinese technology giants have come under increasing pressure from governments around the world.
ByteDance also saw its annual gross profit rise by 93% to to $19bn, while it recorded a net loss of $45bn for the same period.
The memo also showed that ByteDance had around 1.9bn monthly active users across all of its platforms as of December last year.
The massive popularity of TikTok has meant that ByteDance has been scrutinised by governments around the world, including in the US and China.
On Thursday, Reuters reported that an executive order signed by President Joe Biden earlier this month would force some Chinese apps to take tougher measures to protect user data if they wanted to stay in the US market.
It came after President Biden revoked an executive order from his predecessor Donald Trump that banned Chinese apps TikTok and WeChat in the US.
Instead, the US Department of Commerce said it would review apps designed and developed by those in "the jurisdiction of a foreign adversary", such as China.
