TikTok maker to tell staff on Monday
Will ask staff to stop working on unreleased games
To look for ways to divest from launched titles
Will not affect casual gaming brand Ohayoo or TikTok39;s games
Performance of Nuverse has been patchy since its 2019 formation
HONG KONG, Nov 27 Reuters TikTok maker ByteDance plans to wind down its Nuverse gaming brand and retreat from mainstream video games, four people familiar with the matter said.
ByteDance told Reuters it had decided to restructure its gaming business after a review, without giving further details.
We regularly review our businesses and make adjustments to centre on longterm strategic growth areas. Following a recent review, we39;ve made the difficult decision to restructure our gaming business, the spokeperson said.
The sources said ByteDance will tell employees on Monday to stop working on unreleased games by December, and that it will look for ways to divest from titles already launched.
The decision is likely to impact hundreds of employees, some of whom learnt about the move at the weekend, the people said.
The Chinese technology firm has no plan to return to the 185 billion global video games market, they added, declining to be identified as the information was not public.
Casual gaming brand Ohayoo, whose games feature on Douyin TikTok39;s sister app in China will not be affected, neither will casual games that run on TikTok, one of the people said.
Reuters reported this month that ByteDance…