ByteDance, the company behind social media TikTok, plans to launch its smartphone. According to reports from two insiders.

The Chinese company became the owner of TikTok by purchasing the app in 2017,

 It was then called Musical.ly and was renamed a year later.

The application enables users to record, share and simulate short videos.

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In addition, it is reported that ByteDance intends to provide pre-installed applications for its smartphones to increase the number of users.

The company operates Chinese versions of TikTok and Toutiao in China,

 Popular applications with personalized news products.

It is unclear which market ByteDance wants to use on its smartphones.

The company declined to respond to these reports.