- Briefing Your roundup of Asian tech and startup news that matter
Deepti Sri · · 1 min readReport: ByteDance buys another gaming studio to mount challenge on Tencent
“China’s ByteDance said on Wednesday that its gaming unit Nuverse has acquired C4games,” Reuters reported.
Details:
- This acquisition comes as ByteDance looks to expand its video gaming business. However, the firm did not specify the value for the deal.
- Beijing-based C4games develops and operates various mobile titles including Red Alert Online, a China-only mobile spinoff of the Command & Conquer strategy title.
Context:
- In March, ByteDance’s Nuverse also snapped up Shanghai-based gaming studio Moonton Technology. With its latest acquisition, TikTok’s parent company seems to be looking to take on Chinese gaming giant Tencent.
- Earlier today, ByteDance submitted a letter to the Hong Kong Stock Exchange, indicating that the company is seeking underwriters for a listing.
Editing by Collin Furtado and Eileen C. Ang
(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.
