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ByteDance restructures its gaming division, suspending projects and considering divestment

ByteDance restructures its gaming division, suspending projects and considering divestment

After two years of subpar performance, ByteDance’s gaming division, Nuverse, is being significantly downsized.

Bytedance, TikTok’s parent company, has instructed its employees to halt work on unreleased games while it investigates options to divest from launch titles. According to Reuters, the gaming division is undergoing significant layoffs, causing uncertainty among Nuverse employees. The move is expected to have no effect on the Ohayoo casual gaming brand or the TikTok-related games.

Following a recent evaluation, ByteDance has reportedly decided to restructure its gaming business. Nuverse had approximately 3,000 employees in 2021, and this figure has remained consistent in recent years. The company will halt ongoing gaming projects and will most likely divest existing Nuverse gaming titles. Among Nuverse’s notable games is the online card game ‘Marvel Snap,’ developed by the US-based studio Second Dinner. ‘One Piece: The Voyage’ and ‘Crystal of Atland’ are two other titles.

ByteDance paid $4 billion for the Shanghai-based gaming studio Moonton Technology. ‘Mobile Legends: Bang Bang,’ a popular mobile multiplayer online battle arena (MOBA) game, was released in July 2016. According to reports, ByteDance is looking into selling Moonton.

TikTok, meanwhile, has been banned in India since June 2020, citing national security concerns in the midst of a military conflict with China. This ban enabled Instagram to capture a sizable portion of the market, while numerous TikTok clones emerged.

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