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TikTok creator ByteDance snaps up the maker of the

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a large brick building with a clock at the top of a sign: ByteDance headquarters in Beijing on December 15, 2020. ByteDance has long sought to rival Tencent in gaming, and it recently made its biggest acquisition yet towards that end. Photo: AFP

ByteDance headquarters in Beijing on December 15, 2020. ByteDance has long sought to rival Tencent in gaming, and it recently made its biggest acquisition yet towards that end. Photo: AFP

TikTok maker ByteDance announced on Monday its biggest video game acquisition to date with Moonton Technology, which is being bought for an undisclosed amount by the company's Nuverse studio, netting the tech giant one of the biggest mobile games in Southeast Asia as it seeks to rival Tencent Holdings as an equal in the industry.

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