Zhang Yiming, founder of China's ByteDance, gears up for the global stage

Zhang Yiming, founder of China's ByteDance, gears up for the global stage

Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton

The founder of China’s ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.

Creating new leadership positions for ByteDance’s China business, Zhang said in a letter to employees he would now focus on global expansion and fresh initiatives such as education.

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