[Significant Increase in AI Business Investment, ByteDance's Net Profit in 2025 Drops Over 70%] According to a report by Jinse Finance on April 20, insiders revealed that ByteDance's net profit in 2025 is expected to decline by more than 70% year-on-year, with a significant drop in net profit margin. The backdrop for this is the company's substantial increase in investment in AI business during the third and fourth quarters of last year. At the same time, ByteDance's overseas revenue in 2025 is projected to grow nearly 50%, far surpassing the approximately 20% growth in domestic revenue. The proportion of overseas business revenue is expected to rise from 25% in 2024 to over 30%, setting a new historical high. TikTok Shop's GMV (Gross Merchandise Value) in 2025 is anticipated to grow by nearly 70% year-on-year, serving as the main driver for the increase in ByteDance's overseas revenue share. ByteDance has not commented on the above data.