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18.11 - 15:21
Chairman of TikTok owner ByteDance steps down as Beijing tightens grip
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theguardian.comThe chairman of TikTok owner ByteDance has stepped down, as the Chinese government tightens its control of the tech sector and maintains pressure on the industry’s domestic entrepreneurs.
Zhang Yiming announced in May he would step down as chief executive of the tech company he co-founded and on Wednesday he relinquished his chair title, with the company’s English-language website no longer featuring a page that mentioned his formal board role. Instead, there was a photo of Zhang under the heading of “leadership” with no title underneath. ByteDance declined to comment.
Reuters reported that ByteDance’s new chief executive, co-founder Liang Rubo, has taken over as chairman of the company’s five-person board. It was also unclear whether there
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