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Transition metal dichalcogenide (TMD) bilayers have recently emerged as a robust and tunable moir\'e system for studying and designing correlated electron physics. In this Rapid Communication, by combining a large-scale first-principles calculation and continuum model approach, we provide an electronic structure theory that maps long-period TMD heterobilayer superlattices onto diatomic crystals with cations and anions. We find that the interplay between the moir\'e potential and Coulomb interaction leads to filling-dependent charge transfer between different moir\'e superlattice regions. We show that the insulating state at half filling found in recent experiments on WSe₂/WS₂ is a charge-transfer insulator rather than a Mott-Hubbard insulator. Our work reveals the richness of simplicity in moir\'e quantum chemistry.
Zhang et al. (Mon,) studied this question.