According to various reports coming from China, ByteDance, the parent company of TikTok, has completed the acquisition of video games developer Moonton. If you did not already know, Shanghai-based Moonton is the developer of hit mobile MOBA title, Mobile Legends: Bang Bang, and Mobile Legends: Adventure.
Update: This news has also been confirmed by our team at MMO Culture ID, pending an official press release from Moonton.
Founded in 2014, Moonton has since opened several offices in Southeast Asia to grow the esports scene for Mobile Legends: Bang Bang. An internal letter has apparently been sent to Moonton employees about the acquisition by ByteDance, and the studio will remain independent with no change in the reporting structure.