ByteDance to Leave Gaming

ByteDance to Leave Gaming

Business

27 November 2023 13:22

The parent company of TikTok, ByteDance announced that they will restructure Nuverse and retreat from the gaming industry. "We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business," the spokeperson said to Reuters.

The company is expected to lay off a significant portion of its staff. The reports also state that ByteDance aims to sell Moonton Technology the parent company of MLBB.

Tags: ByteDance

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