BEIJING/HONG KONG (Reuters) – The founder of China’s ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.
Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton
Creating new leadership positions for ByteDance’s China business, Zhang said in a letter to employees he would now focus on global expansion and fresh initiatives such as education.
In a recent, exclusive interview with Reuters, Zhang spoke expansively of his vision of ByteDance as a fully global company in the image of Google and Facebook, even as it faces a national security review by the U.S. government over TikTok’s data practices. Some U.S. government agencies have banned employees from using TikTok over data security concerns.
“There…
Source Reuters Tech News
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