Page 13 - Moonton Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Red Alert Online developer C4games through its Nuverse subsidiary for an undisclosed fee.  As reported by Reuters, the Chinese company, which owns and operates popular social media platform TikTok, purchased C4games as part of its push into the lucrative mobile games market.  The news comes a few weeks after ByteDance bought Shanghai-based studio Moonton Technology, best known for developing Mobile Legends: Bang Bang. Last year, Bloomberg reported that ByteDance had already purchased a number of development studios along with the exclusive distribution rights to other titles. People "fam...

One of the video games businesses owned by TikTok parent ByteDance has added another developer to its ranks. Reuters reports that Nuverse has acquired Beijing-based firm C4games as part of ongoing efforts to strengthen its position in the market. Nuverse previously acquired Shanghai-based developer Moonton Technology back in March in a deal that reportedly valued the purchased studio at $4 billion. No figure has been disclosed for the C4games acquisition. C4games develops and operates various mobile titles -- most notably Red Alert Online, an authorised China-only mobile spin-off of the popul...

The Beijing No 1 Intermediate People’s Court on March 22 issued a ruling against Chen Shuo for breaking a six-month non-compete agreement with Tencent. Chen was ordered to pay Tencent compensation for the breach and return the sum he received from the firm after signing the non-compete pact. — SCMP A former employee of Tencent Holdings has been slapped by a Beijing court with a fine totalling 1.1mil yuan (US$167,000 or RM693,767) for breaking a non-compete agreement with the company after he joined TikTok-owner ByteDance, heating up the rivalry between the two Chinese internet giants. The...