Bloomberg:
Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, sources say for $6B; ByteDance bought Moonton for ~$4B in 2021  —  Savvy Games Group has agreed to buy the Moonton studio from ByteDance Ltd. as the Saudi Arabian firm builds up its mobile gaming assets.

Carl Franzen / VentureBeat:
Xiaomi unveils its MiMo-V2 AI models, including the 1T-parameter MiMo-V2-Pro, codenamed Hunter Alpha, which Xiaomi says benchmarks close to GPT-5.2 and Opus 4.6  —  Led by Fuli Luo, a veteran of the disruptive DeepSeek R1 project, the release represents what Luo characterizes as a “quiet ambush” on the global frontier.

The Block:
Filing: the SEC approved a Nasdaq rule change allowing some securities to trade in tokenized form; the new approach will be tested in an upcoming pilot program  —  Quick Take  — Eligible participants will be able to settle trades in tokenized form during a pilot program operated by the Depository Trust Company.

Bloomberg:
Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans  —  Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished …

Saritha Rai / Bloomberg:
Sources: Indian AI data center operator Yotta is aiming to secure ~$500M to $600M at a ~$4B valuation, then file initial paperwork for an IPO within weeks  —  Yotta Data Services Pvt., the data center operator that runs India's largest cluster of Nvidia Corp. AI processors …