Data Vantage: A profitable 2021 for over 40 SG-registered firms, show latest filings

Singapore-based live streaming and social media platform Bigo Live had a banner year in 2021 as its revenue grew 42.8% to $2.07 billion as Asians consumed more online content during the pandemic period.

Its revenue growth translated to $258.7 million in profit before taxes, more than 10 times the value recorded in the previous year when the company was banned in India, along with global streaming giant TikTok and dozens of other Chinese companies.

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