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ByteDance Scales Back Gaming Division, Sells Mobile Studio, Expands eCommerce in Indonesia
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ByteDance is cutting jobs in its gaming division, Nuverse, as part of its strategy to scale back operations. The company has recorded a significant operating profit in the first quarter of the year, marking a reversal from previous years. Additionally, ByteDance plans to sell its mobile gaming studio, Moonton, and is collaborating with GoTo in Indonesia to expand its eCommerce business.
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How might the sale of ByteDance's mobile gaming studio impact the gaming industry?
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