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ByteDance Seeks to Sell Moonton for $5 Billion
ByteDance is seeking to sell its subsidiary gaming company, Moonton Technology, for a price not less than $5 billion, and has hired Goldman Sachs as a financial advisor to assist in finding and contacting potential buyers.
ByteDance’s Gaming Subsidiary, Nuverse, Initiates Large-Scale Layoff
ByteDance's gaming subsidiary, Nuverse, is said to initiate a large-scale layoff starting from Monday.
ByteDance Launches Another Share Buyback, Valuation Declined by 10%
ByteDance, the parent company of TikTok, is allegedly proposing to repurchase approximately $5 billion in shares from investors, a move that would value the company at around $268 billion, according to two sources familiar with the matter, per Reuters.
Alipay Is Testing the Social Feature ‘Interest Community’
Alipay is currently testing a social feature called 'Interest Community', which aims to help users discover interesting things and find playmates.