ByteDance-backed Nuverse completed the acquisition of C4games.

Nuverse, a gaming unit of ByteDance, completed the acquisition of C4games, a game development company. Financial terms were not disclosed. The acquisition of the video games studio comes as ByteDance, owner of Chinese short video platforms TikTok and Douyin, makes sizeable inroads into the video gaming industry, putting it in direct competition with China’s Tencent. ByteDance’s Nuverse agreed to acquire Shanghai-based gaming studio Moonton Technology in March.