ByteDance to wind down Nuverse in full retreat from gaming -sources

TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters.

TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters.

The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public.

ByteDance will tell employees to stop working on unreleased games by December, and that it will look for ways to divest from titles already launched, the people said.

The decision is likely to impact hundreds of employees, some of whom learnt about the move at the weekend, the people said.

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Casual gaming brand Ohayoo, whose games feature on Douyin - TikTok's sister app in China - will not be affected, neither will casual games that run on TikTok, one of the people said.

ByteDance did not respond to a Reuters request for comment.