Unity: American game software developer sets up business in China with Alibaba and Bytedance
Unity will have majority control of its business in China, he said. The company will be valued at 1 billion dollars following investments by local partners.
Junbo Zhang, who currently serves as Unity’s general manager for Greater China, will lead the company as president and CEO, the company added.
China has been the world’s largest gambling market since 2017, but investors have recently worried about the impact Beijing’s internet crackdown and economic downturn will have on the industry.