Signage is displayed at the TikTok Creator’s Lab 2019 event hosted by Bytedance Ltd. in Tokyo, Japan. (Photographer: Shiho Fukada/Bloomberg)

TikTok Owner to Challenge Spotify and Apple With Music Service

(Bloomberg) -- ByteDance Ltd., owner of the popular video app TikTok, is developing a paid music service that will challenge industry leaders Spotify and Apple Music in emerging markets, according ...