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ByteDance News

TikTok to challenge Spotify with a paid streaming service

ByteDance, which owns TikTok, is seriously considering launching a rival streaming platform to Spotify. The target is countries where services from Spotify or rivals like Apple Music are not established.

China-based Tik Tok app was top download in September

Byte-Dance acquired the tween and teen-focused social app back in 2017. It is paying off as it this year it has merged with Byte-Dance's own short video app TikTok, and is being used to enter the U.S. market.

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