TikTok owner reportedly planning its own smartphone

TikTok's parent company, ByteDance, could soon be launching yet another ambitious project: their own smartphone. 
The Financial Times reported the new project, citing "two people familiar with the project," on Monday. The plan is to focus on launching the phone with the company's many apps pre-installed to lure buyers into choosing their phone over competitors. 
Besides TikTok, ByteDance also owns news app Jinri Toutiao, its Chinese version of TikTok called Douyin, and new messaging ap