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Mass Layoffs at 'China's Instagram': Tough Times or Primping for IPO?
Summary
Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year
Original Article
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Read Full ArticleArticle published on April 29, 2022 by benzinga