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ByteDance's Job Cuts and eCommerce Expansion
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ByteDance's Strategic Lobbying Moves
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ByteDance, parent company of TikTok, is downsizing its gaming division, Nuverse, and cutting hundreds of jobs. Despite recording a $6 billion operating profit in Q1, the company plans to sell its mobile gaming studio Moonton. On the other hand, TikTok is collaborating with GoTo to expand its eCommerce presence in Indonesia.
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How might ByteDance's collaboration with GoTo influence the eCommerce landscape in Indonesia and beyond?
How might ByteDance's job cuts and scaling back of its gaming division impact the gaming industry as a whole?
What challenges and opportunities does ByteDance's potential sale of Moonton present for the mobile gaming market?
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