Communication Apr 21, 2021 08:47 PM (GMT+8) · EqualOcean
ByteDance has set up another music division. As a result, the company has four music-related business groups responsible for different kinds of music business. ByteDance is already partially active in this market abroad, and it seems only a matter of time before it enters the domestic music streaming market. The integration of a good music streaming service into TikTok could change the music industry. After the withdrawal of Mi Music, the music streaming market in China has been dominated by Tencent Music Entertainment and NetEase Music. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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