Hong Kong: China-based ByteDance has shut down a sport improvement studio, shedding greater than 100 workers, media experiences stated.
ByteDance, TikTok‘s dad or mum firm, shut down the ‘101 Studio‘ in Shanghai it had acquired three years in the past.
“TikTok proprietor ByteDance is disbanding one in every of its principal sport studios on account of its disappointing efficiency,” Nikkei Asia reported.
The gaming studio had round 300 workers and based on the report, a few of them have been transferred to different verticals inside ByteDance.
ByteDance’s 2019 acquisition of the core group behind 101 Studio was “seen as laying the groundwork to problem the dominance of Tencent Holdings in cellular gaming”.
The event got here as TikTok is reportedly planning to make a significant push into gaming.
The short-video making platform has reportedly carried out exams that permit customers in Vietnam play video games inside its app.
In line with TikTok, the one sport presently obtainable to customers on its platform is Zynga’s “Disco Loco 3D,” a music and dance problem mini-game.
ByteDance can also be possible getting ready to hitch the digital actuality (VR) house.
ByteDance goals to take a position “tons of cash” in VR-related content material, experiences Protocol.
Over 40 job listings have popped up for Pico, the Chinese language VR headset maker ByteDance acquired final 12 months, the experiences talked about.
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