Halted Acquisition by Tencent May Underpin Layoffs at Gaming Phone Firm Black Shark

(Source: Freepik)

On October 10, STAR Market Daily learned from several independent sources that Black Shark, a Chinese gaming smartphone brand, has recently been significantly shrinking its number of employees, with layoffs involving various departments and reaching a rate of nearly 50%. Individuals familiar with the situation said that Tencent‘s acquis…