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Thereporter learned from people familiar with the matter that some of ByteDance's game businesses have already been taken over by Tencent, including Shenzhen
All unreleased projects, aside from a very few, will be terminated. During Bytedance’s annual meeting earlier this year, when Liang outlined the goals for the next year, there was an emphasis on having imaginative ideas while maintaining a calm perspective. Bytedance has recently inflicted some ...
Bytedance's gaming division, Zhaoxi Guangnian, is in talks with Tencent to sell multiple gaming projects. Sources close to the deal say the teams involved in the sale are located in Shanghai and Shenzhen. Zhaoxi Guangnian has already spent hundreds of millions of dollars developing these games,...
BEIJING,November 27(TMTPOST) -- ByteDance's gaming division Nuverse is planning to dissolve all projects with games being developed, which is set to result in significant staff layoffs, according to people familiar with the matter. Meanwhile, key titles such as 'Crystal of Atlan,' 'Planet: Re...
A software copyright infringement case leveled by ByteDance-owned game developer Moonton against Tencent opened for court sessions in Shanghai on November 29, attracting significant attention from the broader market.
Tencent’s reported takeover of two studios is the most significant progress since ByteDance decided to retreat from gaming months ago after two ambitious years. Nuverse, the unit publishes “Marvel Snap”, will significantly scale down its business, look for divestiture of existing titles with good...
-game function. The founder and CEO of ByteDance, ZHANG Yiming (张一鸣), actively share the game-related info on the official account. On Feb 18, 2019, mini game names “Music Balls” was uploaded on Douyin. It’s clear that the ByteDance is invading the core business of Tencent—game....
ByteDance, the company behind the viral short-video app Douyin (or TikTok outside of China) and the news aggregator Jinri Toutiao, could be launching its first heavy game as early as the first quarter of next year, theLate Postreports. ...
ByteDance, the tech company behind TikTok (Douyin in China), has confirmed a major restructuring of its gaming business that is set to involve the cancellation of in development projects, a divestment from its gaming segment, and the layoff of around one