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ByteDance plans to restructure Nuverse and announces its exit from the Gaming Industry

GamingOnPhone LogoGamingOnPhone4 mo ago

ByteDance plans to restructure Nuverse and announces its exit from the Gaming Industry - GamingOnPhone

Story Highlights:

The company behind TikTok and MOONTON Games, ByteDance, has made the strategic decision to exit the gaming industry and restructure its Nuverse gaming brand, according to people with knowledge of the situation.

It is worth noting that casual gaming brands Ohayoo and TikTok’s casual games will be unaffected by ByteDance’s gaming strategy adjustment.

ByteDance has no plans to re-enter the global video game market, which is estimated to be worth $185 billion, contrary to previous objectives.


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ByteDance plans to restructure Nuverse and announces its exit from the Gaming Industry - GamingOnPhone (Picture 1)ByteDance plans to restructure Nuverse and announces its exit from the Gaming Industry - GamingOnPhone (Picture 2)

News Information

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Date Published: 27 Nov, 2023 (4 months ago)

Publish Time: 12:30 (GMT +8:00)

Language: English

Story Length: 487 words

Reading Time: 3 minutes read

Attachments: 3 Pictures


Story Rating: Rated #79 (out of 142 stories this day)

Estimated Value: $0.00


News Source URL: gamingonphone.com

Copyright: © GamingOnPhone

Story ID: #2188353

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