ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

ByteDance enters ‘second phase’ of video gaming business, as new head of Nuverse unit says focus is on ‘fun games’

Zhang will report to Hua Wei, who heads ByteDance’s human resources department. Mobile Legends: Bang Bang is a multiplayer online battle arena title developed and published by Moonton Technology, owned by the Nuverse unit of ByteDance. Photo: Handout In an internal letter sent by Zhang and Hua on Friday, they pointed out that the video … Read more

ByteDance offloads gaming unit to Tencent-backed firm in sign of ongoing industry consolidation

ByteDance offloads gaming unit to Tencent-backed firm in sign of ongoing industry consolidation

ByteDance has agreed to sell C4Games to a subsidiary of China Ruyi Holdings, a film and game production firm nearly 22 per cent owned by video gaming giant Tencent Holdings, for 259 million yuan (US$35.8 million), Beijing-based China Ruyi said in a Tuesday filing to the Hong Kong stock exchange. C4Games, acquired by ByteDance in … Read more