Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S. 
Samsung Electronics Hits Record High as AI Momentum Fuels Investor Optimism 
Federal Appeals Court Blocks Trump-Era Hospital Drug Rebate Plan 
Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks 
Boeing 737 MAX 10 Advances in FAA Testing as Certification Delays Continue 
Stellantis to End Plug-In Hybrid Sales in the U.S. as Demand Shifts Toward Traditional Hybrids 
FTC Blocks Edwards Lifesciences’ JenaValve Acquisition in Major Antitrust Ruling 
EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content 
Dell Revives XPS Laptop Lineup With New XPS 14 and XPS 16 to Boost Premium PC Demand 
FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations 
ByteDance, the parent company of popular social media platform TikTok, is currently in discussions with multiple potential buyers for its gaming assets, including Tencent, the world's largest video game company.
This move comes as ByteDance intends to step back from the gaming industry and focus on its core businesses. Reuters noted that, according to a ByteDance spokesperson, no agreement has been reached yet.
Changes in ByteDance's Gaming Strategy
ByteDance's gaming unit, Nuverse, is reportedly engaged in talks with Tencent to sell various popular video games. Among these titles are "Crystal of Atland" and "Earth: Revival," as reported by local media outlet LatePost. After a five-year venture into the global video games market, the discussions highlight ByteDance's strategic decision to reshape Nuverse and divest from the gaming business.
In November, ByteDance announced its plans to revamp Nuverse and withdraw from the gaming sector. This shift aims to optimize the company's focus on key operations following its entry into the lucrative $185 billion video games market. As part of this strategic realignment, ByteDance halted the development of unreleased games and expressed its intention to divest from already-launched titles, as confirmed by insiders familiar with the matter.
Seeking Buyers for Moonton
Sources also revealed that ByteDance is actively seeking buyers for its gaming unit Moonton, which it acquired in 2021. This further demonstrates the company's commitment to streamlining its gaming portfolio in alignment with its revised strategic priorities. Reuters previously reported on ByteDance's decision to engage potential buyers for Moonton.
ByteDance's relationship with Tencent in the gaming sphere has witnessed a positive turn after a period of intense competition. Notably, Tencent capitalized on ByteDance's advertising network to promote its latest game, "DreamStar," as reported by Reuters in December. This marks a potential collaboration between the two industry giants, signaling a new chapter in their professional rapport.
Making an Impact on Healthcare
According to a recent Forbes report, ByteDance actively recruited exceptional talent for its "AI for Drug Design" and "AI for Science" teams. The company aims to leverage AI capabilities to revolutionize drug discovery and scientific research.
This recruitment drive extends to computational biology, quantum chemistry, molecular dynamics, and physics experts. With at least 17 positions available across New York, California, and Washington state, ByteDance ventures into a territory already occupied by local rivals such as Meta, Google, and Amazon.
Photo: ByteDance Website
