ByteDance, the company behind TikTok, is reportedly in talks to sell its gaming arm, Nuverse, to potential buyers like Chinese tech giant Tencent.
After initial ambitions to challenge gaming leader Tencent, ByteDance scaled back its gaming division and Nuverse has not met the expected commercial success.
China’s $42.2 billion gaming market is fiercely contested, with stricter regulations like limiting play time for minors further impacting players and revenue.
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Despite facing new regulations, Tencent maintains its global leadership in the gaming industry, with ByteDance looking for an exit from the increasingly difficult sector.
Discussions with potential buyers are ongoing, and it remains unclear who might acquire Nuverse or what the final terms of the deal would be.
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