ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts.. The Beijing-based company will wind down Nuverse, the unit ...

ByteDance’s gaming ambition has been an expensive, short-lived pursuit. In late 2021, the TikTok parent’s plans for video games came into the spotlight after it became one of the firm’s six ...

ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC. It marks a significant retreat from a segment the Chinese tech giant has invested ...

HONG KONG, Nov 27 (Reuters) - TikTok maker ByteDance plans to wind down its Nuverse gaming brand and retreat from mainstream video games, four people familiar with the matter said.

Meanwhile, the company is also expected to explore potential sales of existing gaming titles. This move signifies the end of ByteDance’s adventure into the gaming sector, with no plans to re-enter the ...

HONG KONG, Nov 27 (Reuters) - TikTok maker ByteDance will wind down its main gaming brand Nuverse, marking a full retreat from video games, said people familiar with the matter.

ByteDance is also looking to sell its other gaming unit, Moonton, which it acquired in 2021. Despite a period of intense competition, ByteDance’s relationship with Tencent in gaming appears to ...

ByteDance Ltd. is considering selling gaming studio Shanghai Moonton Technology Co., people familiar with the matter said, as the TikTok owner looks to streamline its operation and focus on core ...

TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world's largest video games company, Tencent , as the Chinese social ...

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ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts.. The Beijing-based company will wind down Nuverse, the unit ...

ByteDance acquired a major mobile gaming studio called Moonton in 2021 for a reported $4 billion, underscoring its ambitions. The company is now looking to sell Moonton, according to the person ...