TikTok owners to launch new music streaming service

nme.com:

TikTok reportedly have made plans to launch a new music streaming service in China.ByteDance, who own the popular video app, are set to launch the new service, which currently goes by the name Feilo, later this year.According to Chinese outlet 36Kr, work on the app began in 2019, and is the brainchild of Alex Zhu, ByteDance’s Vice President of Product and Strategy.The reported development of Felio comes just one year after ByteDance’s launch of another music streaming platform in India called Resso.

It was set up to rival streaming giants Spotify.Elsewhere, this month it was revealed that TikTok is now watched on average longer than YouTube by users in both the UK and US, according to a new report.According to app monitoring firm App Annie,.