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Deals | Tencent Invests $98M in News Video App to Compete with Toutiao’s Video App Matrix

The market size for short video hit RMB 5.74 billion in 2017 and is expected to grow to RMB 30 billion by 2020, according to iResearch.

2 mins read
  • TikTok has been growing in popularity since its inception in 2016.

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    Tencent bets on its revived Weishi app to take on TikTok in short-video streaming

    3 mins read

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