diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 00b3dcb0d..c35f4245d 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -23,3 +23,4 @@ GLOG_VERSION=0.3.5
 
 android.useAndroidX=true
 android.enableJetifier=true
+android.enableR8=false
\ No newline at end of file
diff --git a/build.gradle b/build.gradle
index 9198857c2..85dec6e68 100644
--- a/build.gradle
+++ b/build.gradle
@@ -10,7 +10,7 @@ buildscript {
         jcenter()
     }
     dependencies {
-        classpath("com.android.tools.build:gradle:3.3.2")
+        classpath("com.android.tools.build:gradle:3.4.0")
         classpath("de.undercouch:gradle-download-task:3.4.3")
 
         // NOTE: Do not place your application dependencies here; they belong
diff --git a/react.gradle b/react.gradle
index 142a21c8a..11b3465e5 100644
--- a/react.gradle
+++ b/react.gradle
@@ -148,6 +148,11 @@ afterEvaluate {
                 into ("merged_assets/${variant.name}/merge${targetName}Assets/out") {
                     from(jsBundleDir)
                 }
+
+                // Workaround for Android Gradle Plugin 3.4+ new asset directory
+                into ("merged_assets/${variant.name}/out") {
+                    from(jsBundleDir)
+                }
             }
 
             // mergeAssets must run first, as it clears the intermediates directory
diff --git a/template/android/build.gradle b/template/android/build.gradle
index 6b738db44..99f410470 100644
--- a/template/android/build.gradle
+++ b/template/android/build.gradle
@@ -13,7 +13,7 @@ buildscript {
         jcenter()
     }
     dependencies {
-        classpath 'com.android.tools.build:gradle:3.3.2'
+        classpath("com.android.tools.build:gradle:3.4.0")
 
         // NOTE: Do not place your application dependencies here; they belong
         // in the individual module build.gradle files