Chinese private tech giants are reacting after TikTok, Kwai, and Pingduoduo saw their founders and CEOs leave directorship one by one. On Nov. 2, Liang Rupo issued his first internal letter as CEO of Bytedance, Beijing-based network tech developer, signaling Zhang Yiming, the former CEO who announced his resignation in May, had completed the job transition…
TikTok, Kwai, and Pingduoduo’s Tech Moguls Resign Directorship Under China’s Surveillance
Tech Founders Leave Companies Amid China’s Private Sector Crackdown
Chinese private tech giants are reacting after three tech companies saw their founders and CEOs quit companies. Zhang Yiming, the founder of TikTok’s parent company ByteDance, announced his resignation as ByteDance CEO in May. ByteDance in November said Zhang had completed the job transition and officially stepped down. Zhang, a Chinese computer engineer, founded Bytedance…
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