ByteDance

The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees. The total number of staff in this division is less than 5,000, domestic media outlet Cailian Press…

ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd. in mobile gaming. TikTok’s Chinese owner…

Recently, it was reported that ByteDance’s game team will reduce 80% of its staff in the distribution business line. However, a relevant employee in charge of ByteDance’s Nuverse declared such reports untrue in a statement to domestic media…

Cloudflare, an American technology-security company, reported on Monday that TikTok was the most visited internet site in the world in 2021, surpassing last year’s leader, Google. TikTok is especially popular in the United States, Europe…

The move by China’s most-valued unicorn is a sign of dimming job prospects within the country’s technology sector The latest wave of lay-offs mainly affects ByteDance’s K-9 education businesses, including Guagualong Beijing-based…

Growth in gross revenue is slower than last year when the figure more than doubled to about 250 billion yuan, according to a report by The Information ByteDance may not go public for another year or more given the recent regulatory…