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In a statement on Sunday, ByteDance also accuses Facebook of plagiarism and smears.

In recent years, ByteDance has done something that many other Chinese internet companies have not—compete with western tech conglomerates on a global stage.

Of the overall two billion app installs of TikTok and its Chinese version, Douyin, in April, India accounted for 611 million.

Wei-Ying Ma will join an institute being founded by Baidu’s former president Zhang Yaqin inside the Tsinghua University.

Brands in FMCG, fashion, beauty & care, and e-commerce to spend their ad budget allocated for TikTok on new platforms.

The fund will be dispersed to eligible content creators over the coming years.

Chingari claims that its app has been downloaded 25 million times.

One can borrow up to RMB 500 (USD 71) with a repayment schedule of seven days,