Sources: ByteDance, which is adding thousands of employees to its 40K staff, expects a net loss of ~$1B in 2018 and revenues of $18B this year and $29B in 2020 (Bloomberg)

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Terry Gou, the founder of Foxconn, has announced he will run for Taiwan’s presidency  —  TAIPEI, Taiwan — The billionaire Terry Gou, whose company is best known for manufacturing iPhones, announced Wednesday he would run for Taiwan’s presidency, saying his bid had received a divine blessing — from a Chinese sea goddess.