ByteDance has reported for 2020. The company’s revenue reached $34.3 billion, an increase of 111% compared to the previous year. Rumors around a possible IPO of the Chinese giant could play an important role in this.

Yesterday, US President Joe Biden revoked the orders of his predecessor Donald Trump, who demanded to ban TikTok, WeChat and a number of other Chinese applications in the country. Instead, he ordered to carefully study all applications from “foreign opponents” and assess their danger.

TikTok‘s parent company continues to invest in game studios. This time, ByteDance acquired 36.2% of the Chinese Umi Game, developers of the yet-to-be-released MMO Code: Odyssey. How much the deal cost the giant is not specified.

Czech studio MADFINGER Games, known for the Shadowgun and Dead Trigger mobile shooters, has received investments worth €5 million ($6.08 million). The money was provided by Nuverse, the gaming division of the Chinese giant ByteDance.

The competition between Tencent and ByteDance is gaining momentum. This time, TikTok‘s parent company has invested ¥100 million ($15.4 million) in Reworld, the local equivalent of Roblox. The deal occurred after Roblox China, supported by Tencent, received a license to work in China.

China’s ByteDance continues to strengthen its gaming business. The company announced that its Nuverse gaming division has acquired Beijing-based studio C4games. The latter is known for the mobile game Red Alert Online.

The industrial giant ByteDance is on the verge of entering the stock market. Chinese media report that TikTok owners are actively preparing for an IPO on the Hong Kong Stock Exchange. It is assumed that the capitalization of the company after him will reach an astronomical $ 400 billion.

ByteDance, TikTok’s parent company, has gained a strong foothold in the mobile gaming market. Since 2019, its Ohayoo gaming division, which cooperates with casual and hyper-casual developers, has released more than 150 titles. During this period, the publisher’s projects have been downloaded more than 500 million times.From this impressive list, eight games have reached the first line in the list of the most downloaded mobile titles in China.

The gaming division of ByteDance has announced the purchase of Moonton mobile studio, developers of the popular MOBA Mobile Legends. As a result of the transaction, the company was valued at $4 billion.Reuters reports on the purchase and evaluation of Shanghai Moonton.

Initially, the deadline for the sale of TikTok assets in the United States expired today, November 27. However, the country’s authorities gave ByteDance a one-week delay so that the company could have time to conclude the necessary deal.According to the new decision of the Administration of President Donald Trump, the deadline for the sale of TikTok’s American assets will expire on December 4.

Now the Chinese gaming industry is dominated by Tencent and NetEase. However, now ByteDance, the parent company of TikTok, has launched its own store and plans to compete with them by independently developing and releasing projects.Own store and publishing house

ByteDance has entered into negotiations with a group of investors to raise $2 billion.  According to Bloomberg, this will raise the total valuation of TikTok’s parent company to $180 billion.ByteDance wants to attract new investments before bringing some of its businesses to the Hong Kong stock market.

The US government is still unable to make progress in blocking WeChat. The magistrate’s court ruled that the actions of the authorities would be a direct violation of freedom of speech, and therefore the messenger will continue to work in the United States.Judge Laurel Beeler responded to the Trump administration’s motion to lift the preliminary ban on blocking WeChat.

The fate of the Chinese short video service will be decided in a couple of weeks. On November 4, a hearing will be held during which the US government will be able to appeal the court ban on the TikTok ban in American stores.

The American government and US President Donald Trump are going to appeal the decision of the judge who banned the removal of TikTok from American stores.

A federal judge in the United States has blocked for an indefinite period the decree of President Donald Trump (Donald Trump) banning the download of TikTok. This happened four hours before the decree came into force.

While TikTok‘s owners are selling the American part of the business, Tencent may temporarily stop worrying about the fate of WeChat. A federal judge in the United States temporarily blocked the decision of President Donald Trump to remove this social network from stores.

A new twist in the TikTok case. President Donald Trump has agreed to a deal between Chinese ByteDance and American Oracle and Walmart. Now the owners of the application will create a company TikTok Global with headquarters in the United States, which is tentatively estimated at $ 20-50 billion.

Starting this Sunday, TikTok and WeChat will be withdrawn from the US App Store and Google Play. Washington has begun implementing the orders of President Donald Trump.