Jing Yuan, co-founder and CEO of Shanghai-based game publisher Moonton announced Monday that the company has been acquired by NUVERSE, the gaming business division of Chinese technology TikTok and Douyin owner ByteDance. Yuan said in his announcement that Moonton will cooperate with ByteDance in expanding the overseas gaming market, but remain an independent developer. He […]
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ByteDance mulls TikTok IPO to clinch U.S. agreement
(Reuters) — China’s ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the U.S. government, people familiar with the matter said on Thursday. ByteDance is racing to clinch an agreement with the White House that […]