ByteDance is negotiating to sell its gaming subsidiary Shanghai Muyu Technology to Saudi's Savvy Games Group for $6-7B, netting over $2B profit from its $4B acquisition. The sale signals a strategic pivot to AI, highlighted by recent launches of Doubao-Seed-2.0 and Seedance 2.0 models. ByteDance is heavily investing in its Seed AI team, including buying land for a new HQ.
Key Points
- 1.ByteDance to sell Muyu (Moonton) for $6-7B, profit $2B+ on 2021 $4B buy.
- 2.Muyu's MLBB (Peak of Victory) has 1.1B MAU, 15B downloads.
- 3.AI shift: Doubao-Seed-2.0 launched Feb 14; Seedance 2.0 video model; Seed team led by ex-Google Wu Yonghui.
- 4.ByteDance spent 2.8B RMB on land for Seed AI HQ.
Impact Analysis
This divestiture frees up capital for ByteDance's AI ambitions amid fierce competition, potentially accelerating Doubao and Seedance advancements. It underscores Big Tech's gaming-to-AI pivot, reshaping industry resource allocation.
Technical Details
Doubao-Seed-2.0 optimized for large-scale production; Seedance 2.0 excels in video generation. Seed team (1K+ staff) focuses on pushing intelligence limits, with direct CEO oversight.
