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Two-year-old simsim has raised a total of USD 16 million to date from investors like Accel Partners and Shunwei Capital.

The ramifications are multifold, and may significantly reshape how Pinduoduo and ByteDance build their revenue streams and user pools.

China’s internet sector has long been cleaved into two camps, but that may change soon.

The company competes with CultFit, a unicorn startup that runs a chain of fitness centers and acquired Tread, a company that makes smart fitness bikes.

The new IT rules have become a major bone of contention for Twitter, Facebook, Instagram, and WhatsApp.

Downloads of Koo’s app skyrocketed after Indian ministers asked their followers to move from Twitter to the Indian platform.

Company uses cloud-based AI technology to generate quick clips.

Douyin pointed to Tencent’s active suppression of its content on Tencent’s messaging and social media platforms.