- GUANGZHOU, China – TikTok owner ByteDance has made its first foray into virtual reality through the acquisition of a start-up called Pico.
- In March, ByteDance acquired a major mobile gaming studio called Moonton for a reported $4 billion, as it looks to expand into gaming.
- ByteDance’s acquisition of Pico could pit it against Facebook’s Oculus VR division.
[Via]
