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Bigger Byte

28 Dec 2018 By Alec Macfarlane

The fast-growing startup behind AI-powered news and video apps Toutiao and TikTok is valued at $75 bln, on par with Baidu. Marketing and tech synergies would benefit both if ad spending falls. A 2019 merger will help rebalance the power with acronym partners Alibaba and Tencent.

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