China’s Bytedance acquires Mokun to tap into gaming industry

The logo for Beijing ByteDance Technology Co.'s Jinri Toutiao mobile app is displayed at the company's headquarters in Beijing, China, on Thursday, Aug. 17, 2017. Photographer: Giulia Marchi/Bloomberg

Bytedance, the owner of popular teen video app Douyin, has bought out China’s mobile game developer Mokun Technology as it aims to grow further in the gaming industry, according to a South China Morning Post report.

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