Yesterday, Chinese company ByteDance – which owns TikTok, Helo, and Vigo Video – launched a chat app called Flipchat. Now, a new report from Bloomberg suggests its reportedly launching a music streaming app this year. The report notes that the company has already secured rights from two of India’s biggest music labels – T-series and Times Music – and is in talks with other global record companies. It adds that ByteDance is looking to release the app in emerging markets to rival Spotify and Apple Music. A report from Economic Times fuels the rumor further by saying the company is looking to launch the…

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