ByteDance was previously ready to pay attention to the popularity of the #BookTok community on social media TikTok, and at the same time came up with their own publication, called 8th Note Press. However, after just over a year, ByteDance is now closing the business.
8th Note Press had previously signed agreements with several authors, and focused on publishing romance novels. Several titles that were ready to be published have now been returned to the authors. In fact, the special page for 8th Note Press on Zando has also now been removed.
It was not stated why ByteDance ended the business. Is it because the #BookTok trend is decreasing, or they are facing challenges in terms of marketing and others.
ByteDance has not issued any comments regarding this at this time.