ByteDance Co-Founder Zhang Yiming to step down as CEO; Rubo Liang to succeed
The move represents the biggest corporate shake-up at ByteDance since its launch in 2012. ByteDance grew to become a dominant social media force in China and turned TikTok, a short-video app popular with teenagers, into a global sensation
Reuters | May 20, 2021 | Updated 08:47 IST
Zhang Yiming, co-founder of TikTok owner ByteDance
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company disclosed on Thursday.
The move, first reported by
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ByteDance agrees to $92 mn privacy settlement with US TikTok users
FILE - In this Sept. 28, 2020 file photo, a view of the TikTok app logo, in Tokyo. The Biden administration is putting on hold a deal brokered by the Trump administration that would have had Oracle and Walmart buying a big stake in popular video app TikTok, according to a report in the Wall Street Journal, Wednesday, Feb. 10, 2021. (AP Photo/Kiichiro Sato, File)
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. Updated: 26 Feb 2021, 07:02 AM IST Reuters
The lawsuits claimed the TikTok app ‘infiltrates its users devices and extracts a broad array of private data including biometric data and content that defendants use to track and profile TikTok users for the purpose of, among other things, ad targeting and profit.’
ByteDance trims India workforce
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Short video app TikTok, owned by Chinese Internet giant ByteDance, on Wednesday said it has decided to slash staff in India after the country extended a ban on the app.
Vanessa Pappas, the interim global head of TikTok, told employees on Wednesday about the company’s decision in a letter, a copy of which was reviewed by Mint.
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