Hints and tips:
...TikTok has argued that 60 per cent of its shares are owned by global investors, while 20 per cent are owned by employees and 20 per cent by its founder Zhang Yiming....
...On Thursday, former Treasury secretary Steven Mnuchin said he was putting together a consortium to make a bid for the platform, although he did not provide details on how he would finance the transaction...
...His global quantitative trading firm followed up with another $2mn months later, becoming the first big backer of ByteDance founder Zhang Yiming and helping to kick-start a social media revolution....
...Under pressure, he has gone on the offensive. We’re also reading . . ....
...And so he began selling out of the Shanghai property holdings he had amassed over the previous 25 years....
...Listening to the congressional questions, you might presume that the company is entirely Chinese, since TikTok’s parent group ByteDance was founded by Zhang Yiming, a Chinese internet entrepreneur....
...Tianyi He, a six-year ByteDance veteran who graduated in computer science from Tianjin University in 2014, is listed on LinkedIn as head of BytePlus in Singapore since June....
...Separately, he appealed directly to the app’s 150mn US users in a video showing the US Capitol in the background on Tuesday. “Some politicians have started talking about banning TikTok,” he said....
...In 2020, ByteDance founder Zhang Yiming stepped down as chief executive and chair. In 2021, Colin Huang, the man behind ecommerce platform Pinduoduo, left his chief executive role....
...At a dinner in London, he told employees that, as a “capitalist”, he “didn’t believe” in maternity leave....
...ByteDance’s Zhang Yiming is stepping down as chair of the Chinese social media group he founded almost a decade ago, relinquishing his last formal executive position at the company behind TikTok....
...“She is familiar with our mission, culture, teams and business,” he wrote....
...ByteDance founder Zhang Yiming shed his formal titles last year, while the chief executive of its main Chinese rival, Kuaishou, also moved to lower his profile....
...The entrepreneur — if he is genuinely taking a back seat — would be trading a nightmare for the daydreams he says he prefers....
...“I’m more interested in analysing organisational and market principles,” he added, saying that he was “not very social” and preferred “solitary activities like being online, reading, listening to music,...
...“I was trying so hard to get that win, it just felt like I was smashing my head against a brick wall,” he said....
...ByteDance’s Zhang Yiming is stepping down as chair of the Chinese social media giant he founded almost a decade ago, relinquishing his last formal executive position at the company, according to a person...
...“He’s the most powerful, he’s been pushing harder than anyone to get things done and he’s generally seen — for a foreigner — fairly untouchable,” he said....
...Zhang Yiming, the founder and chief executive of ByteDance, said in a separate letter to employees that he understood Mr Mayer’s decision to leave given the political challenges TikTok faced globally....
...In an internal memo sent to staff on Tuesday, acting chief executive Liang Rubo, who will officially take over from founder Zhang Yiming in December, announced that the internet company would split into...
...The Internet of (Five) Things ByteDance’s chair steps down Zhang Yiming has announced his departure from the social media group he founded....
...Zhang Yiming said he first discussed stepping down as chief executive of ByteDance “with a small group” in March, but investors in the $200bn start-up said they were caught by surprise....
...Founder Zhang Yiming opted to step down from his role as chief executive this spring as the time he devoted to regulatory matters and in meetings with officials ballooned, according to one person familiar...
...Liang made his first all-hands staff meeting speech on Thursday after he began the transition to chief executive last month, following founder Zhang Yiming’s announcement that he would step down at the end...
...Job moves ByteDance’s Zhang Yiming is stepping down as chair of the Chinese social media group he founded almost a decade ago, relinquishing his last formal executive position at the company behind TikTok...
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