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It’s a new measure to prevent gaming addiction among school children
China’s ByteDance grossed an estimated US$75 million in revenue through selling virtual currency on its TikTok and Douyin.
Domestic growth has been curtailed by regulatory restrictions.
ByteDance is making moves to amp up revenues from its live broadcasting businesses
The buyout may buoy the profits of the world’s most valuable startup.
But the company has little to fear.
Its millions of users will migrate.
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