ByteDance plans to package its Moonton and Chaoxi Guangnian into a whole and plan to list its game business independently. Judging from multiple independent sources visited by Game News, it is no secret that ByteDance plans to go public, and the plan has been in place for some time. A person close to ByteDance Games said that ByteDance hired Zhang Yunfan as CEO of the game business after the big game retreat at the end of 2023 based on the consideration of listing. It can be seen from Zhang Yunfan's resume that he is more of an investor than a gamer. He served as president of the game business at Perfect World, but retired around 2019 and lived abroad for a long time, paying more attention to the game industry in the form of investment.