TikTok launched its music streaming service in Indonesia and Brazil — its second and third-largest markets — and is testing in Australia, Mexico and Singapore.
with Warner Music Group, as it looks to grow its music content library. Parent company ByteDance also recently scrapped the free tier of Resso, another music-streaming service it owns.
"There's already this large installed base of users which TikTok can convert into paying TikTok Music subscribers – with a relatively low customer acquisition cost," said Jonathan Woo, senior research analyst at Phillip Securities Research., behind only the U.S., with 113 million and 84.1 million active TikTok users aged 18 years and above, respectively. Meanwhile, Mexico is TikTok's fourth-largest market with 62.4 million TikTok users.
Indonesia Berita Terbaru, Indonesia Berita utama
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