Beijing-based ByteDance is set to launch its new music streaming service as soon as next month, according to the Financial Times. — SCMP
Chinese Internet company ByteDance, owner of popular short video platform TikTok, is set to take on the likes of Spotify and Apple Music with a new music streaming service as soon as next month, according to a report by the Financial Times on Nov 18.
The Beijing-based startup is looking to launch the yet unnamed music app initially in emerging markets, including India, Indonesia and Brazil, the FT reported, adding that the company is expected to price the subscription service lower than the US$10 (RM41) a month its rivals in the US are charging.
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