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China’s ByteDance grossed an estimated US$75 million in revenue through selling virtual currency on its TikTok and Douyin.
The company was fined by Chinese authority in 2017 for running an online pyramid scheme.
Domestic growth has been curtailed by regulatory restrictions.
as the country’s high-tech poster child Huawei faces increasing pressures from the United States and its allies.
Under the Trump administration, foreign investment in the United States is being aggressively policed.
The Chinese messaging service already has many of the features discussed by Zuckerberg.
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