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With a deal set to take place “in a matter of weeks.”
The popular app is one of nearly 60 Chinese apps banned by the Ministry of Information Technology.
Though the sales may not reflect the entire market, ByteDance has remained indisputably successful.
Alongside another $125 million USD in ad credits.
Utilizing its vast catalog from YouTube Music.
The social media video app has allegedly been collecting children’s data since 2014.
The Spotify-esque feature may debut “as soon as next month.”
CFIUS is reviewing Bytedance Inc.’s acquisition of the popular music-video app.
Taking the crown from Uber in the process.
