ByteDance to carve out TikTok as world’s sole hectocorn splits into six units, delineating China businesses from overseas

Source: Tech – South China Morning PostByteDance will separate out its worldwide social media phenomenon TikTok into a stand-alone business unit, as chief executive Liang Rubo’s overhaul of the world’s most valuable technology unicorn into six parts after founder Zhang Yiming decided to take a back-seat role.Liang will oversee the finance of ByteDance, allowing chief financial officer (CFO) Chew Shou Zi to relinquish his finance role to focus on his job as chief executive of TikTok, the video-based social network service, and expand…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy