TikTok owner ByteDance in talks with Tencent, others to sell gaming assets

The ByteDance logo is seen at the company's office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo

HONG KONG: TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world's largest video games company, Tencent, as the Chinese social media firm retreats from the gaming industry.

Talks are ongoing but no deal has been reached, a ByteDance spokesperson told Reuters.