Douyin slashes view time for users under the age of 14.
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The Mumbai-based firm made a profit of USD 24.4 million in the financial year ended March 31, 2020—a big jump from the USD 11.7 million loss it made a year earlier.
Heavyweight investors including SoftBank, Falcon Edge, and Tiger Global have pumped hundreds of millions of dollars into India’s used car segment since the start of this year.