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ByteDance Invests In MYBO

EARLY VENTURE | ANNOUNCEMENT DATE: 21 AUG 2020
WRITTEN BY | 23 Aug 2020
ByteDance Invests In MYBO
EARLY VENTURE

💵 Venture Funding

  • ByteDance, Chinese internet company behind TikTok, through its wholly-owned subsidiary Beijing Youyi Technology, invested into the Chinese mobile game developer MYBO

  • ByteDance began entering the mobile games market in 2018. Now the company has its game development teams in Beijing, Shanghai, Shenzhen, Hangzhou, and other places

  • Last year, ByteDance launched “Oasis Project” — a team of more than 100 game developers, working on several games at the same time

🎲 Products

  • MYBO is a Chinese mobile game developer, making its games for the western market

  • The studio has several games in its portfolio, including “Ohana Island“ (flagship product), “Ponon!”, “Starry Nuts”, “Bubble Blast”, and “Bouncy Seed”

💵 Previous Financing

  • Previously, the company has received funding from Sequoia Capital, Yitai Capital, Zhen Fund, and Source Capital

SOURCES: SOHU, CHINASDG

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LATER VENTURE
MYBO
  • Established in 2009

  • Headquarters — Shanghai, China, with branch offices in Beijing and Barcelona

  • Founded by Song Wei

  • Team of 30+ employees

  • Mobile game developer

ByteDance
  • Established in 2012

  • Headquarters — Beijing, China

  • Team of 60,000+ employees

  • Founded by — Zhang Yiming

  • Internet technology and social media company