Moonton's unremarkable performance since its acquisition is one of the reasons behind ByteDance’s desire to sell, people told Reuters. ByteDance has met with other setbacks in its gaming expansion.

Tencent Holdings, the Chinese tech giant and parent company of Riot Games, was awarded $2.90 million (RMB19.4 million) in a lawsuit against Moonton Technology, according to a report from Dot Esports.