Bytedance

TikTok and NRG shared data and research on the modern mobile market and shared advice on achieving TikTok success

National security package includes a requirement for ByteDance to sell the platform in 270 days or have the app banned in the US

The companies have allegedly merged to form a new Shenzhen-based studio

Tencent among the potential buyers as TikTok parent reportedly lowers valuation of its studios

Update: Marvel Snap will continue despite ByteDance restructure

Discussions have been held two years after TikTok owner acquired developer of Mobile Legends: Bang Bang

Employees affected were part of TikTok's Chinese version, Douyin, as well as its gaming and real estate operations

But TikTok owner will maintain operations for projects that are already live

Social media platform has been running trials in Vietnam, could roll out to more markets in third quarter

Gaming business unit to include Moonton Technology, C4games, publishing arm Pixmain

Chinese company also reportedly pushing back its IPO to late 2022