Mon, Nov 27, 2023
ByteDance had acquired the Shanghai-based gaming studio Moonton Technology in a notable $4 billion deal.
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"We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business," the spokeperson said.
Wed, Nov 08, 2023
The price valued the company at $223.5 billion, about 26 per cent lower than a valuation a year earlier, the Reuters report said. Last year, ByteDance was valued at $300 billion in a buyback program offered to its non-U.S. employees.
Mon, Aug 14, 2023
After its flagship app TikTok was banned by the Indian government, Chinese tech giant ByteDance is making a comeback with its music streaming app Resso and the all-in-one productivity app Lark. Resso has already found significant success in India, with over 125 million downloads, and Lark is poised to capitalise on the growing demand for productivity tools in the country.
Sat, Dec 17, 2022
Virginia Governor Glenn Youngkin banned the use of several Chinese-owned apps, including TikTok and WeChat, on state government devices and wireless networks on Friday, calling them a threat to national security.
Tue, Sep 06, 2022
Last month, China's largest video gaming and social media company Tencent trimmed 5,500 employees from its payroll in the second quarter amid a slowing economy.
Sun, Jun 12, 2022
Short-video-making app TikTok`s parent company ByteDance is most likely preparing to join the virtual reality (VR) space, media reports say.
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