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bytedance

TikTok owner ByteDance retreats from video gaming with cuts at main studio amid a stagnating market dominated by Tencent

by Anas Siddiqui
TikTok owner ByteDance retreats from video gaming with cuts at main studio amid a stagnating market dominated by Tencent

TikTok owner ByteDance is making a big retreat from video gaming with hundreds of lay-offs at its main gaming unit, according to four sources briefed on the matter. Nuverse, ByteDance’s …

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After two ambitious years, TikTok parent ByteDance starts mass layoffs in gaming

by Edgar Davis
After two ambitious years, TikTok parent ByteDance starts mass layoffs in gaming

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 …

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Douyin, TikTok’s Chinese version, tightens vetting of advertisers as Beijing takes aim at booming short web drama market

by Anas Siddiqui
Douyin, TikTok’s Chinese version, tightens vetting of advertisers as Beijing takes aim at booming short web drama market

ByteDance’s Douyin, the Chinese sibling of TikTok that has over 600 million daily active users, has tightened its screening of advertisers in response to Beijing’s increased control of short video …

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ByteDance asserts more power within China’s BAT tech grouping as revenue growth beats Tencent, Alibaba: report

by Anas Siddiqui
ByteDance asserts more power within China’s BAT tech grouping as revenue growth beats Tencent, Alibaba: report

ByteDance supplanted Baidu in China’s top three Big Tech companies – known by the acronym BAT – some time ago and there are signs that it may be pulling further …

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China’s broadcasting regulator to increase control over country’s booming short web drama market

by Anas Siddiqui
China’s broadcasting regulator to increase control over country’s booming short web drama market

China’s broadcasting regulator is looking to tighten control over the growing short web drama market – including a sweeping review of each series’ cast, production, marketing and social values – …

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Nepal joins a growing list of countries banning TikTok

by Edgar Davis
Nepal joins a growing list of countries banning TikTok

Another country is banning TikTok, the ByteDance-owned short video behemoth with over one billion active users around the world. Nepal, which has a population of close to 30 million people, …

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TikTok seeks Indonesian e-commerce partnerships with Tokopedia, Blibli, Bukalapak after social media platform ban

by Walter Watson
TikTok seeks Indonesian e-commerce partnerships with Tokopedia, Blibli, Bukalapak after social media platform ban

TikTok has been holding talks with Indonesian e-commerce companies about possible partnerships, an Indonesian minister said on Monday, a month after Southeast Asia’s largest economy banned online shopping on social …

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Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

by Anas Siddiqui
Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less or maintain their expenditure at 2022 levels during this year’s Singles’ Day, according to …

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TikTok owner ByteDance offers employees buyback option at higher price

by Walter Watson
TikTok owner ByteDance offers employees buyback option at higher price

TikTok logo is displayed on the screen of a smartphone. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images Chinese technology giant ByteDance is offering to buy back stock …

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ByteDance’s virtual reality unit Pico pushes new round of job cuts in restructuring move amid falling demand for headsets

by Anas Siddiqui
ByteDance’s virtual reality unit Pico pushes new round of job cuts in restructuring move amid falling demand for headsets

ByteDance-owned virtual reality (VR) headset maker Pico is conducting a new round of job cuts in line with a restructuring, according to people familiar with the matter, as its sales …

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