ByteDance plans music-streaming enlargement to tackle Spotify – WSJ

China’s ByteDance Ltd is in talks with music labels for increasing its music-streaming service globally to compete with business leaders akin to Spotify Technology SA, the Wall Street Journal reported on Wednesday. The TikTok mother or father plans to ultimately combine music streaming inside its short-video service and scale it to function a serious platform for distributing music globally, in line with the report that cited folks with information of the discussions.
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