- Briefing Your roundup of Asian tech and startup news that matter
Aditya Hadi Pratama · · 1 min readReport: ByteDance gaming chief says time to take on likes of Nintendo globally
“Yan Shou, ByteDance’s gaming chief, said that the company needs to focus on becoming a global gaming company to rival international giants such as Nintendo and Activision Blizzard,” South China Morning Post reported, citing a copy of an internal speech.
Details:
- ByteDance’s gaming arm, Nuverse, makes 80% of its total revenue outside of China, according to Shou.
- The gaming chief said it was time for a new generation of global gaming companies to emerge out of China. He added that in the first five months of the year, game developers and operators based in the country had seen their market shares in Japan and the US climb to 23% and 22%, respectively, up by 4% and 5%.
Dive deeper:
- In March, ByteDance acquired Moonton Technology, the creator of the popular mobile game Mobile Legends, at a US$4 billion valuation.
- One of ByteDance’s games, the pirate-themed One Piece: The Voyage, became China’s fifth-largest mobile game by revenue in May, according to a list compiled by app-tracking firm CNG. The game was ByteDance’s first title to break into the top 10 list.
Editing by Miguel Cordon and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
