Jakarta, CNBC Indonesia – TikTok parent gives up fighting in the video game business. Nuverse, ByteDance’s video game brand, is reportedly shutting down slowly.
To Reuters, ByteDance stated that they decided to restructure the gaming business after going through several studies.
‘We regularly review our business and make adjustments to focus on long-term growth areas. “Following the latest review, we have taken the difficult decision to restructure our gaming business,” a ByteDance spokesperson told Reuters.
Source Reuters stated that ByteDance employees were ordered to stop working on games that were still in the development stage, starting in December. Video games that have been released are planned to be sold to other parties.
The decision to close Nuverse is expected to impact hundreds of employees.
Sumber Reuters stated that ByteDance has no plans to return to the video game business after restructuring.
The restructuring at Nuverse has no impact on Ohayoo, a game brand whose titles can be played via Douyin. Douyin is a TikTok-like application for the Chinese market. Casual games on TikTok will also not be affected by Nuverse’s decision.
ByteDance was previously reported to be planning to sell the development company Mobile Legends: Bang Bang, Moonton Technology. The business that owns the ByteDance VR platform, Pico, is also known to have carried out major layoffs.
Nuverse was released by ByteDance in 2019 to compete with another Chinese technology giant, Tencent Holdings. However, Nuverse’s development stalled.
Nyverse’s most famous game title is a card game Marvel Snap. Another title, One Piece: The Voyage and Crystal of Atland posted better performance.
(to/the)
2023-11-27 13:30:00
#TikTok #Parent #Mobile #Legends #Sale
