ByteDance, the parent company of TikTok, has trademarked the name '8TH NOTE PRESS' for a range of Book Publishing products and services. This could mean that ByteDance is planning to launch a standalone book app where users can read, download, buy and talk about books. Though TikTok itself has been suffering widening losses, ByteDance is likely eager to find new ways to monetize its hundreds of millions of users overseas.

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