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Media & Entertainment

ByteDance to shut Shanghai game development studio

Half of staff at 101 unit face likely layoff

ByteDance's 2019 acquisition of the core group behind 101 Studio was seen as laying the groundwork to challenge the dominance of Tencent Holdings in mobile gaming.   © Reuters

HONG KONG -- TikTok owner ByteDance is disbanding one of its main game studios due to its disappointing performance.

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