Page 17 - Arui Ma News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A growing list of billionaire Chinese tech chiefs have suddenly left their posts — at least in public — well before their prime.

Bytedance founder Zhang Yiming, the brains behind TikTok, said he preferred "daydreaming" as he stepped down as head of his own firm last week. But his departure comes as several of China's once-lauded tech entrepreneurs step aside under increasing scrutiny from a government concerned about their growing power and influence.

From Alibaba to Tencent, China’s tech giants are facing regulatory scrutiny and public backlash over unfair labor practices and obscene wealth.

The popular video app is hoping to replicate abroad the success of its Chinese-only cousin Douyin, which racked up $26 billion of e-commerce transactions in just its first year of operation. TikTok has begun working with merchants in markets including the U.K. on ways they can sell products directly to millions of users within the app, people familiar with the matter say. While TikTok has run promotional shopping campaigns in the past, the current trials are a precursor to a broader launch of a global e-commerce service. The prototype so far is only visible to select participants and it remai...

ByteDance Ltd.’s TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping. The popular video app is hoping to replicate abroad the success of its Chinese-only cousin Douyin, which racked up $26 billion of e-commerce transactions in just its first year of operation. TikTok has begun working with merchants in markets including the U.K. on ways they can sell products directly to millions of users within the app, people familiar wi...