Page 2 - Moonton Technology News Today

Chinese technology firm has no plan to return to the $185 billion global video games market

Hundreds of staff reportedly affected by TikTok makers ByteDance’s decision to “restructure” their games team.

Performance of Nuverse has been patchy since its 2019 formation

Hundreds of people may be laid off, according to a Reuters report. ByteDance is reportedly divesting from mainstream video games.

ByteDance is looking to sell its gaming studio, Shanghai Moonton Technology, to streamline operations and focus on its core businesses. This follows ... acquisition, Amazon, Bytedance, chinese, currency, Douyin, finance, Google, internet, investment, media intelligence, Metaverse, mobile, online game, online video, Renminbi, search engine, Shanghai, social media, technology, Tencent, Tencent Music, Wechat, Yuan

Amazon will shutter its Crown channel on Twitch and the Game Growth sector while prioritizing Prime Games, gaming chief Christoph Hartmann said in an email.

Shanghai-based Moonton, which has developed the popular mobile game "Mobile Legends: Bang Bang", was acquired by ByteDance in 2021. At the time, it was seen as ByteDances biggest commitment to become a major player in the $187 billion global video games market.

The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights HONG KONG, Nov 15…

TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio in a deal that valued it at $4... -November 15, 2023 at 03:07 am EST - MarketScreener

TikTok owner ByteDance is discussing the sale of its gaming unit Moonton Technology with potential buyers, two years after it acquired the Shanghai-based studio in a deal that valued it at $4 billion,... -November 15, 2023 at 03:49 am EST - MarketScreener