Beijing-based ByteDance this week disbanded its gaming studio in Shanghai. Photo: AFP
Beijing-based ByteDance this week disbanded its gaming studio in Shanghai. Photo: AFP
ByteDance

ByteDance closes Shanghai games studio in retreat from industry dominated by Tencent, NetEase

  • ByteDance disbanded its 101 Studio, letting about half of the 300-plus staffers go and offering internal transfers to others
  • The Chinese owner of TikTok had bet on the studio to expand into sectors beyond its core short-video business