Channels Television Updated May 22, 2021 This photo taken on April 23, 2018 shows CEO of Bytedance Zhang Yiming speaking during the 1st Digital China Summit in Fuzhou, in China’s eastern Fujian province. STR / AFP
The boss of the Chinese company behind viral video platform TikTok said Thursday he will leave the role because he lacks managerial skills and preferred “reading and daydreaming” to running the tech giant. Beijing has tightened the screws on China’s booming tech sector, levying fines — including on Bytedance last month — for allegedly flouting monopoly rules, and issuing stark warnings to the coterie of billionaire digital bosses about their responsibilities to society.