It is reported that ByteDance will close Chaoxi Guangnian and completely withdraw from the game business

According to a report by Phoenix.com, people familiar with the matter revealed that ByteDance will gradually stop operating its main game brand Chao Xi Guangnian and fully withdraw from the video game business

ByteDance will announce today that it will close Chao Xi Guangnian Lightyear Project,and internally told employees to stop developing games that have not been released before December this year.

According to people familiar with the matter, this decision will mean that ByteDance will withdraw from the gaming field and will have no plans to return to the global $185 billion video game market in the future

this site Previously quoted from "Jinghe" reports, Byte's "optimization adjustments" this time include the following:

• Dear project leaders, we hereby inform you that we have decided to Disband all ongoing projects

• A formal notice was issued on Monday, and all termination contract signings and dissolution work were completed. According to rumors, only one day was given to complete it

• In addition to the compensation of N1, the year-end bonus and equity will also be included, and there will be "no shortage" in terms of compensation

Based on previous news, Reuters, Snow Leopard Finance and others have successively claimed that ByteDance is seeking to sell its gaming unit Mutong Technology for no less than US$5 billion , and hired Goldman Sachs as a financial advisor (FA, Financial Advisor) to help find and contact potential buyers.

Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

The above is the detailed content of It is reported that ByteDance will close Chaoxi Guangnian and completely withdraw from the game business. For more information, please follow other related articles on the PHP Chinese website!