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Tech unicorn ByteDance, proprietor of hit quick video app TikTok and its Chinese language sibling Douyin, recorded considerably slower income development final 12 months, as Beijing’s harsh regulatory measures set again the corporate’s enterprise growth plans, based on media experiences.The Beijing-based agency noticed its 2021 income attain US$58 billion, up 70 per cent from a 12 months earlier, based on a Reuters report, citing two sources. It marks a drop-off in efficiency for the world’s most respected start-up after…
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