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Sources: ByteDance shuts down its Shanghai games studio, in a setback to its gaming ambitions after struggling to make a splash in the Chinese gaming market (Bloomberg)

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Bloomberg:

Sources: ByteDance shuts down its Shanghai games studio, in a setback to its gaming ambitions after struggling to make a splash in the Chinese gaming market  —  ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs …



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