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The increased bonus programme shows the lengths taken by TikTok owner ByteDance to retain and attract talent, even as the company continues to restructure its operations this year.
TikTok owner ByteDance is in talks with buyers including Chinese tech giant Tencent to sell its gaming arm, a company spokesperson said Tuesday, as it seeks to shed once-promising assets in the highly competitive sector. The move marked a retreat from the competitive sector, worth $42.2 billion last year, according to official figures, after Nuverse failed to achieve the commercial success ByteDance had hoped for at the time of its launch in 2019.
Bytedance will ask staff to stop working on unreleased games and will look for ways to divest from launched titles. The move will not affect casual gaming brand Ohayoo or TikTok's games.
TikTok's parent company ByteDance is apparently winding down its gaming business, including the Nuverse brand.
Chinese technology firm has no plan to return to the $185 billion global video games market