Image Source: Visual China BEIJING, June 17 (TMTPOST) — TikTok’s parent company ByteDance has dismissed its 101 Game Studio in Shanghai, according to a news report from Jiemian. It is reported that half of the studio’s staff has left the company this week. The game studio reportedly had over 300 employees. 101 Game Studio started the adjustment one month ago. Employees who got laid off could receive an N+1 compensation package. Besides 101 Game Studio in Shanghai, ByteDance is also adjusting other game businesses. Some projects have been axed as well. One of NUVERSE’s partners said that it would only...