ByteDance restructures gaming unit Nuverse under veteran CEO Zhang Yunfan, refocusing on “fun games” despite selling studios, canceling titles.
TikTok owner ByteDance is retreating from the gaming business and is now seeking buyers for its gaming portfolio. The Chinese tech giant has confirmed it is in discussions with multiple parties, including gaming behemoth Tencent, regarding the sale of its gaming assets. Why is ByteDance Selling its Gaming Assets? In November 2023, ByteDance announced plans…
In a surprising turn of events, ByteDance, the company behind the social media giant TikTok, has decided to revamp its Nuverse gaming brand and withdraw from mainstream video games. This strategic move comes after a thorough review of its gaming business, as confirmed by ByteDance in a statement to Reuters. The Restructuring Decision ByteDance’s spokesperson…
ByteDance, the owner of TikTok, is reportedly considering selling its gaming unit Moonton Technology. Two years ago ByteDance entered into gaming sector by acquiring Moonton Tech, the Shanghai-based studio for a staggering $4 billion. But if the rumor comes to be true, ByteDance might seem to be reviewing its decision to enter the gaming market….
