China tech CEOs slip off backstage to avoid Beijing's glare
A growing list of billionaire Chinese tech chiefs have suddenly left their posts — at least in public — well before their prime.
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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.