— SCMP
Bytedance plans to launch the music app “soon”, said one of the people, declining to be named because the information is private. Currently there are more than 100 people working on it, according to the person.The Chinese company, currently the world’s most valuable unicorn with a valuation of US$76bil South China Morning Post
Spotify, with 207 million monthly active users worldwide, has struggled to turn a profit. The Swedish music streaming service reported its first-ever operating profit for the quarter ended December after 12 years of operation.
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