The reshuffle comes as Chinese regulators tighten scrutiny on how tech giants handle users’ data.
A major reorganization is afoot at TikTok parent company ByteDance as it plans to create six business units, while the video app’s chief executive Shou Zi Chew will step down from his dual role as ByteDance CFO to run TikTok full time, ReutersTikTok parent company ByteDance is reportedly reorganizing into six units, according to an internalChew will continue as CEO of the popular short-form video app, according to an internal memo from ByteDance CEO Liang Rubo to employees, shared with Reuters.
The Facebook and Xiaomi alum joined ByteDance as its first ever chief financial officer in March and succeededHe had been tipped to lead ByteDance to an IPO in New York or Hong Kong this year, before the plans were suspended amid a regulatory
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