Summary
- ByteDance appointed a new CEO for Moonton Technology, the creator of Mobile Legends: Bang Bang
- By appointing the new CEO, ByteDance has decided not to sell Moonton and will change its strategy
- ByteDance has been scaling back its video-gaming operations to focus on core assets like Douyin and TikTok
- Moonton has emerged as a key player in the global market for MOBA games
