ByteDance confirms it is in talks to sell games business
Sign up for the GI Daily here to get the biggest news straight to your inboxTikTok owner ByteDance has confirmed it is …
Source: gamesindustry.biz
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China's workers face layoffs, unpaid wages ahead of Lunar New Year — Radio Free Asia
State media paints a rosy picture, yet workers say business is terrible and people are losing jobs everywhere.
Source: rfa.org
ByteDance to Dissolve Gaming Unit After Failing to Find a Buyer
ByteDance has decided to dissolve its gaming business after a failed attempt to spin off and sell the unit, in another significant strategic retreat from ... Bytedance, e-commerce, Education, investment, Liang Rubo, mobile, online game, online video, Shanghai, technology, Tencent, Tencent Music, TikTok, virtual reality, War
Source: chinamoneynetwork.com
TikTok parent Bytedance gaming division faces layoffs; 3,000 Nuverse employees in limbo: Report
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.
Source: businesstoday.in
ByteDance to wind down Nuverse in full retreat from gaming -sources
HONG KONG (Reuters) -TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters. The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public. ByteDance will tell employees to stop working on unreleased games by December, and that it will look for ways to divest from titles already launched, the people said.
Source: yahoo.com