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Nuverse

ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

by Anas Siddiqui
ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

Zhang will report to Hua Wei, who heads ByteDance’s human resources department. Mobile Legends: Bang Bang is a multiplayer online battle arena title developed and published by Moonton Technology, owned …

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ByteDance-owned TikTok said to lay off hundreds of employees globally as a potential US ban looms

by Anas Siddiqui
ByteDance-owned TikTok said to lay off hundreds of employees globally as a potential US ban looms

TikTok is cutting hundreds of jobs at its operations and marketing departments, according to two people familiar with the matter, in line with efforts by parent company ByteDance since late …

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China’s No 2 short video app operator Kuaishou shuts down gaming project in Beijing in restructuring move

by Anas Siddiqui
China’s No 2 short video app operator Kuaishou shuts down gaming project in Beijing in restructuring move

One of Kuaishou’s video gaming projects in Beijing was disbanded and shut down in March after the new game it was developing failed to pass certain internal tests, according to …

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ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

by Anas Siddiqui
ByteDance raises annual bonus for high-performing employees amid restructuring and latest TikTok crisis in US

While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of …

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TikTok Owner Bytedance Poised to Close Games Businesses

by Kwame Phillips
TikTok Owner Bytedance Poised to Close Games Businesses

Bytedance, the unlisted Chinese tech giant that owns TikTok, is poised to slash most of its games operations, including Nuverse, which publishes ‘Marvel Snap.’ “We regularly review our businesses and …

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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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