TikTok’s new CEO is a senior from his parents ’company
TikTok has a brand new major. The company he announced Today Shouzi Chew, chief financial officer at parent company ByteDance, has taken on the role of leading global operations from head Vanessa Pappas, who is now taking part in COO. Prior to his stay at ByteDance, Chew spent nearly six years at Xiaomi mobile phone maker in China, where he was CFO and the company’s global president.
“The Shou and Vanessa leadership team is laying a solid foundation,” ByteDance CEO Yiming Zhang said in a statement. “Shou brings in-depth knowledge of companies and corporations, led a team that was one of our first fundraisers, and worked professionally for ten years. “
The fact that ByteDance has chosen one of its executives to lead the company speaks volumes about their future hearings of TikTok in the US. It was less than half a year ago and it seems his days in the country are numbered. You may remember former President Donald Trump ordered ByteDance selling the app to a “very American” company or seeing it banned in US retailers for national security reasons.
At first, it looks like TikTok would reach Microsoft only for ByteDance to reject what the company has offered you it’s up to Trump to agree selling to Walmart and Oracle (the same Oracle that is currently under review for a reason actions in China). But, like many things with Trump’s administration, things changed dramatically. The agreement was not finalized, and several times passed without any action. At one point, TikTok claimed that managers were envy him. Then Trump lost the 2020 election, and the last day of December 4 came without a sale or a ban.
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