ByteDance acquires a gaming company
ByteDance has acquired Beijing-based game developer Com4Loves, which previously worked together with Tencent in China. This again shows that ByteDance has ambitions to increase its engagement in the gaming area, and they want to position themselves as a direct competitor of Tencent. Com4Loves has around 500 employees and has developed several popular mobile games in the past. Details of the acquisition were not disclosed.
This briefing is contributed by and first appeared on CIMK.
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