$4 billion for the video gaming business

ByteDance's video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, for $4 billion as part of a cunning plan to expand into the video games business.

The US really shouldn't have pulled the tiger's tail 

The US government is probably going to regret trying to starve China of chip technology as part of its ongoing trade war.  TikTok-owner ByteDance is making plans to develop semiconductors, according to the company’s job postings.

TikTok has to carve a niche

China’s ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Las the owner of short video app TikTok moves to strengthen its next pillar of growth.