ByteDance, the Chinese owner of the popular app TikTok, is reportedly developing a music service for emerging markets, a media report said. Citing people familiar with the matter, Bloomberg reported that the company aims to challenge leading players like Spotify and Apple Music. The company has apparently secured rights from India’s top music labels T-Series and Times Music. This shows that company aims to expand its footprint in the country where it was banned, and then bounced back gaining more user base in a week.
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