TENCENT Purportedly Takes over ByteDance's NUVERSE Arm

　　Shanghai Aojue Digital Technology (literal translation of “上海傲爵數碼科技”) recently underwent industrial and commercial changes, where the original wholly-owned shareholder NUVERSE's Shanghai Mokun Digital Technology (literal translation of “上海墨鷂數位科技”) exited the company, Chinese media reported. TENCENT (00700.HK) -5.200 (-1.408%) Short selling $1.97B; Ratio 23.291% s Guangxi Tencent Venture Capital was introduced as a new shareholder and wholly owned the shares of the company, while the company's key personnel were also changed.

　　Tianyanchas information showed that Shanghai Aojue Digital Technology was established in January 2017, with the legal representative of Ren Zhiguo, and registered capital of RMB1 million. The scope of business includes the second type of value-added telecommunications business, internet information services, information system integration services, computer hardware, software and auxiliary equipment wholesale and data processing services.

　　NUVERSE is purportedly a game developer and publisher under the banner of ByteDance, specializing in the agency and R&D of games. In last November, it was exposed that ByteDance would shut down NUVERSE and entirely withdraw from the game business. This year, part of the abolished game business of ByteDance was taken over by Tencent.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 16:25.)