What? TikTok to launch its own smartphone?

ByteDance, who owns more than just TikTok, has ambitious plans to launch their own smartphone in a new move to lure customers over its competitors. As reported by The Financial Times, via Mashable, two people familiar with the project have confirmed that the social media company will be soon launching its own smartphone.

The report also states that apart from TikTok, the company is also planning to start its own audio streaming service to compete against the likes of those from Apple, Google. Spotify and Amazon, apart from a new messaging app called Flipchat.