Moiré patterns are common in van der Waals heterostructures and can be used to apply periodic potentials to elementary excitations. We show that the optical absorption spectrum of transition metal dichalcogenide bilayers is profoundly altered by long period moiré patterns that introduce twist-angle dependent satellite excitonic peaks. Topological exciton bands with non-zero Chern numbers that support chiral excitonic edge states can be engineered by combining three ingredients: i) the valley Berry phase induced by electron-hole exchange interactions, ii) the moiré potential, and iii) the valley Zeeman field.Stacking two-dimensional (2D) materials into van der Waals heterostructures opens up new strategies for materials property engineering. One increasingly important example is the possibility of using the relative orientation (twist) angle between two 2D crystals to tune electronic properties. For small twist angles and latticeconstant mismatches, heterostructures exhibit long period moiré patterns that can yield dramatic changes. Moiré pattern formed in graphene-based heterostructures has been extensively studied, and many interesting phenomena have been observed, for example gap opening at graphene's Dirac point [1,2], generation of secondary Dirac points [3,4] and Hofstadter-butterfly spectra in a strong magnetic field [1,5,6].In this Letter, we study the influence of moiré patterns on collective excitations, focusing on the important case of excitons in the transition metal dichalcogenide (TMD) 2D semiconductors [7,8] like MoS 2 and WS 2 . Exciton features dominate the optical response of these materials because electron-hole pairs are strongly bound by the Coulomb interaction [9][10][11][12]. An exciton inherits a pseudospin-1/2 valley degree of freedom from its constituent electron and hole, and the exciton valley pseudospin can be optically addressed [13][14][15][16], providing access to the valley Hall effect [17] and the valley selective optical Stark effect [18,19].As in the case of graphene/hexagonal-boron-nitride and graphene/graphene bilayers, a moiré pattern can be established in TMD bilayers by using two different materials with a small lattice mismatch, by applying a small twist, or by combining both effects. TMD heterostructures have been realized [20][21][22] experimentally and can host interesting effects, for example the observation of valley polarized interlayer excitons with long lifetimes [23], the theoretical prediction of multiple degenerate interlayer excitons [24], and the possibility of achieving spatially indirect exciton condensation [25,26]. Our focus here is instead on the intralayer excitons that are more strongly coupled to light. As we explain below, the moiré pattern produces a periodic potential, mixing momentum states separated by moiré reciprocal lattice vectors and producing satellite optical absorption peaks that are revealing. The exciton energy-momentum dispersion can be measured by tracking the dependence of satellite peak energies on twist angle.The valley pseudospin...