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TikTok hit USD9 mn in in-app purchases, up 500%

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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]

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Indian auto firms oppose 'hasty' electrification

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10-Jun-19 With unsold inventory and production cuts reflecting an automotive market slowdown, the Indian auto industry is upset with government's ambitious targets for bringing in electric mobility in the two- and three-wheeler segments. [imae: iStock]

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SoftBank leads USD200 mn investment in Indian online grocer Grofers

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15-May-19 Indian online grocery delivery start-up Grofers has secured USD200 mn from investors led by SoftBank’s Vision Fund, in the USD100 bn investment vehicle’s latest bet on India's technology sector. Grofers claims to have achieved annual revenue of USD400 mn. [image: Reuters / Issei Kato / File Photo]

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