ByteDance seems to have finally decided on the future of its video game division. With the appointment of the new CEO of Nuverse, the Chinese tech giant plans to build a more centralized management structure and focus on long-term growth.

Despite challenges in the US, ByteDance had a strong fiscal year, posting significant growth in revenue and profit. The Chinese tech giant also managed to outperform one of its main rivals, Tencent.

ByteDance is reportedly seeking options to sell its video games and other assets related to its gaming business. Chinese tech giant Tencent has been named among potential buyers.

TikTok maker ByteDance has reportedly decided to restructure its gaming business. This will likely affect the Chinese tech giant’s main video game arm, Nuverse.

Mobile market analytics platform data.ai has shared its annual list of the top 50 global publishers by consumer spend. No company is still able to overthrow Chinese tech giant Tencent.

Chinese authorities have issued a new batch of video game publishing licenses. This time, the list only covers products made by domestic companies.

ByteDance has plans to launch more mobile titles on TikTok. The Chinese tech giant will reportedly roll out gaming in Southeast Asia later this year.

Beijing continues to find new ways to hold back and regulate Chinese tech companies. It’s been revealed that ByteDance now has a government-appointed director on the board. This news raised concerns among investors about the market’s potential.

TikTok company ByteDance has acquired a 36.2% share in Umi Game. Tencent is opening a new office in Los Angeles which will be home to the company’s growing video games business.

Ohayoo is a gaming division of ByteDance, which also owns TikTok. The studio, focused on casual and hypercasual titles, has already published over 150 mobile titles with 500 million downloads since 2019.

ByteDance is now expanding its game development division. The Chinese tech giant has just acquired mobile studio Moonton, developers of popular MOBA Mobile Legends, for an undisclosed sum.

Tencent Holdings is the world’s top video games company by revenue, and it’s not about to change any time soon.

Looks like TikTok can stay in the U.S. after all.

ByteDance, primarily known for social networks TikTok, Douyin, and Helo, continues to step up its gaming capabilities. The company listed nearly 1,000 new gaming jobs in the coming year.

President Donald Trump said his administration is considering banning TikTok in the U.S. This is in response to the way China handled the coronavirus, according to Bloomberg.

In China, the publicity department of Haidian District Committee has partnered with the Communist Party’s official newspaper People’s Daily and casual games developer Ohayoo, which is owned by ByteDance.

TikTok developer is gearing up to seriously expand into the gaming market. Big releases, diversification and competition with Tencent are imminent. ByteDance is going to appoint an executive who will solely focus on running its gaming business.

In China, ByteDance, the company behind TikTok, published three games that immediately entered the country’s top five mobile titles by downloads, one of them taking the top spot.