TikTok Parent Company Bytedance Will Launch Paid Music Streaming Service This Fall (Report)

With more than one billion downloads and 500 million monthly active users, Chinese company Bytedance’s flagship app TikTok has arguably dominated the shortform video space.

Now Bytedance wants to dominate the music streaming space, too.

The company is developing a paid music app designed to challenge top industry services like Spotify, YouTube Music, and Apple Music, according to a report from Bloomberg.

What’s more, Bytedance has reportedly already secured contracts with some of


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