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Zhang Yiming | Ticking clock for China's tech giants


Zhang Yiming | Ticking clock for China’s tech giants
Updated:
Updated:
May 22, 2021 22:03 IST
The resignation of ByteDance’s billionaire CEO and the brain behind TikTok is only the latest in a booming tech sector now being reinedin by the Chinese government
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The resignation of ByteDance’s billionaire CEO and the brain behind TikTok is only the latest in a booming tech sector now being reinedin by the Chinese government
The announcement, very much in keeping with how Zhang Yiming has functioned for much of his life as a Chinese tech titan, was understated and simple.
“The truth is I lack some of the skills that make an ideal manager,” he wrote on May 20, announcing he was stepping down as CEO in an email to the employees of ByteDance, the extraordinarily successful $180 billion tech giant its short video app Douyin, known as TikTok outside of China, has become a global phenomenon he founded in Beijing in 2012. ....

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ByteDance staff and investors have been amazed as the creator has stepped back


ByteDance staff and investors have been amazed as the creator has stepped back
Zhang Yiming said he discussed resigning as CEO of ByteDance in March, but said he was caught off guard by an initial $ 200 billion investor.
After a tumultuous year, the 38-year-old founder has announced that he will hand over the duties to his CEO on Thursday to step down from staff, even as his company is preparing for a public start-up.
While in his letter he said he was not so interested in “really managing people”, Zhang was the only CEO of ByteDance, and TikTok built a company with a viral video application to become a global challenge. To Facebook and Tencent. ....

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Tripadvisor app blocked in China along with more than 100 others


Tripadvisor s app shown on a smartphone in Germany in July.
Hong Kong (CNN Business)China says it has pulled Tripadvisor (TRIP) from mobile app stores in the country as the government embarks on a fresh bid to clean up the internet.
In a statement Tuesday, the Cyberspace Administration of China said it had removed 105 apps it considered to be illegal, including that of the US travel giant.
Most of the platforms belonged to local Chinese firms, and it was not immediately clear why Tripadvisor which features reviews of hotels and holiday destinations was caught up in the crackdown. The Massachusetts-based company said in a statement that it was not in a position to comment at this time. ....

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