ByteDance to Sell Moonton Gaming Studio in Strategic Retreat From Gaming

ByteDance is looking to sell its gaming studio, Shanghai Moonton Technology, to streamline operations and focus on its core businesses. This follows another strategic retreat from the metaverse, when the Chinese short video giant decided to cut its VR headset unit PICO. ByteDance acquired Moonton Technology for US$4 billion in 2021. According to reports citing [...] ByteDance to Sell Moonton Gaming Studio in Strategic Retreat From Gaming comes from China Money Network: Primary Data for China’s Primary Markets! All Rights Reserved.