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China’s ByteDance grossed an estimated US$75 million in revenue through selling virtual currency on its TikTok and Douyin.
Kwai Concept’s goal is very transparent – to lure more users from first and second-tier cities.
ByteDance is making moves to amp up revenues from its live broadcasting businesses
Mini-programmes could bolster the company’s profits.
The buyout may buoy the profits of the world’s most valuable startup.
Two competitors have already bowed out.
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