trending Market Intelligence /marketintelligence/en/news-insights/trending/eaXtL9AM9PjFgfRlBbMHYg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

ByteDance testing music streaming app in India, Indonesia

Measuring The Wireline Digital Divide In The US

CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January

Australian Exploration Budget Trends 2019

African Exploration Budget Trends 2019


ByteDance testing music streaming app in India, Indonesia

Beijing ByteDance Technology Co. Ltd. is testing its Spotify Technology SA-like service in India and Indonesia, Bloomberg News reported.

Called Resso, the app displays real-time lyrics and allows users to post comments under songs. Users can also generate graphics interchange formats, or GIFs, and create videos using music on the app.

The app, currently in a beta-testing phase, charges a monthly subscription fee of 119 rupees in India, equal to what Spotify charges in the South Asian country.

Aimed at emerging markets, Resso launched six months ago, but the company only began to promote it toward the end of November. About 27,000 users have installed the app across Apple Inc.'s App Store and Google Play, according to Sensor Tower data cited in the report.

ByteDance has yet to reach deals with major record labels Warner Music Group Corp., Universal Music Group Inc. and Sony Music Entertainment Inc., whose catalogs are crucial for Resso so it can compete globally, people familiar with the matter said.

As of Dec. 11, US$1 was equivalent to 70.76 Indian rupees.