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Ximalaya FM raises funds, after reconstructing its VIE structure.
The short-video and musical app announced 300 million MAUs in China just a month ago
Tik Tok, the overseas version of Douyin, was the world’s most downloaded non-game app in iOS App Store in Q1 2018.
Douyu rival Huya listed on New York Stock Exchange in May.
China’s iQiyi, backed by Chinese search and AI company Baidu, is one of the largest online streaming services in its home market.
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