With the new TikTok CEO, ByteDance takes root in Asia

TikTok stated on Friday that it has employed Zhou Shouzhe as its new chief govt officer and appointed a lieutenant from its father or mother firm ByteDance to supervise one in every of its most essential and difficult companies.

This transfer may be very totally different from the hiring of former Disney govt Kevin Mayer, the flashy American govt ByteDance lured TikTok into workplace after former President Donald Trump threatened to dam the video app final summer time. This exhibits that after the Biden administration just lately acknowledged that it will quickly power him to divest TikTok’s enterprise in the United States, Zhang Yiming, the founder and CEO of ByteDance, is reiterating his management over TikTok.

After working at Xiaomi for greater than 5 years, Zhang and Chew, who joined ByteDance final month, have already returned. They met in 2012, when Chew wished to identify sizzling offers as a younger investor in Yuri Milner’s Digital Sky Technologies firm.

Chew has heard of ByteDance, a small firm that’s creating its Chinese information app Toutiao. Two individuals who knew him stated that he went to fulfill with the startup in a small condo the place workers have been working in Beijing. Chew received the DST funding in ByteDance and established a relationship with Zhang.