Beijing-based ByteDance has acquired 100 per cent of Shanghai-based mobile game developer Mokun Technology, as the world’s most valuable unicorn makes a further foray into video gaming.
Mokun, founded in 2013, became wholly owned by Beijing Zhaoxi Guangnian Technology recently, a subsidiary of ByteDance, according to public business registration information. Mokun’s executive chairman is currently Zhang Lidong, senior vice-president and legal representative at ByteDance. The Shanghai-based video gaming company was previously owned by 37 Interactive Entertainment, a Shenzhen-listed game developer.