ByteDance unit sets up Nuverse Inspiration Fund to back emerging gaming startups

ByteDance unit sets up Nuverse Inspiration Fund to back emerging gaming startups

Nuverse, a game development and publishing unit of TikTok-owner ByteDance, has launched an investment vehicle Nuverse Inspiration Fund (NIF) to back emerging startups as the parent looks to step up its gaming business to challenge domestic incumbents including Tencent.