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Global Market: Saudi Wealth Fund to maintain global betsSaudi Arabia's wealth fund, the Public Investment Fund, is committed to global investments. Governor Yasir Al Rumayyan stated the fund's st...- ByteDance quietly rolls out SeeDance 2.0 globallyThe SeeDance 2.0 model was launched in China last month, both stunning and spooking the entertainment industry with its ability to produce ...
- TikTok owner ByteDance sells gaming unit to Saudi group for over $6 billionTikTok owner ByteDance will sell its gaming studio Moonton to a Saudi-owned group for more than $6 billion, the firms and a person close to...
- ByteDance agrees to sell Moonton to Savvy Games for $6 billionByteDance has agreed to sell Moonton to Savvy Games Group for about $6 billion, shifting its focus to generative AI. The Beijing company wi...
- ByteDance in talks to sell gaming unit Moonton for more than $6 billionByteDance is in advanced talks to sell Shanghai Moonton Technology to Saudi Arabia's Savvy Games Group in a deal valued between $6 billion ...
- ByteDance to wind down Nuverse in full retreat from gamingThe Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identi...
- China's Bytedance eyes sale of gaming unit Moonton, speaking to potential buyersShanghai-based Moonton, which has developed the popular mobile game "Mobile Legends: Bang Bang", was acquired by ByteDance in 2021. At the ...
- Ex-TikTok gaming head Jason Fung to launch blockchain games startupThe 34-year-old left TikTok last month after two years with the firm, and his exit comes as TikTok and its Chinese owner ByteDance have bee...
- TikTok plans big push into gaming, conducting tests in VietnamFeaturing games on its platform would boost advertising revenue as well as the amount of time users spend on the app - one of the world's m...
- TikTok owner ByteDance appoints lawyer Julie Gao as new CFOGao, currently a Hong Kong-based capital markets attorney at law firm Skadden, will be based in Hong Kong and Singapore once she joins Byte...
- China's ByteDance says has reorganised strategic investment teamThe Chinese company was responding to local media reports on Wednesday which said it had dissolved its strategic investment team. The compa...
- Timeline: ByteDance founder who put TikTok on global map to quit as CEOZhang, 38, turned ByteDance into a social media powerhouse which has also had many brushes with global regulators
- Mutual benefitFrom Groww foraying into mutual funds to Amazon vaccinating its frontline workers in India and Bytedance taking Tencent to court, here's a ...
- Tencent's quarterly revenue jumps 26%, helped by online gamesProfit rose 175% in the same period to 59.3 billion yuan, largely thanks to fair-value gains in companies Tencent has invested in, and sale...
- ByteDance says its video games unit will acquire Mooton TechnologyThe acquisition of the video games studio come as ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has m...
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