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Live.me Raises $50M In Series B From Bytedance

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is a subsidiary of Chinese company Cheetah Mobile. The news comes shortly after Bytedance (Beijing Bytedance Technology Co Ltd) also announced it had acquired another Los Angeles, social app developer, Musical.ly, in a deal reported to be worth as much as $1 billion. Bytedance also bought LA's Flipagram earlier this year.

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