Home » Business » The co-founder of TikTok resigns surprisingly: “I’m not very social, I prefer to read and daydream”. Suspicion of pressure from Beijing

The co-founder of TikTok resigns surprisingly: “I’m not very social, I prefer to read and daydream”. Suspicion of pressure from Beijing


He said he is not an ideal manager. “I’m more interested in analyzing organizational and market principles than actually managing people.” These would be some of the reasons that led Zhang Yiming, co-founder of ByteDance, the company to which TikTok belongs, to announce surprisingly his resignation as CEO of the company. Zhang, 38, will be replaced by Liang Rubo, another co-founder and current head of human resources. “I’m unsociable, preferring solitary activities like being online, reading, listening to music and fantasizing about what might be possible,” daydreaming.

The pressure from Beijing

China has launched a squeeze on the booming hi-tech sector, also imposing fines on ByteDance for allegedly violating monopoly rules and admonishing Internet giants about responsibility towards society. Zhang has also been subjected to tremendous pressure from former US President Donald Trump’s administration to convince the world that TikTok will not hand over the data to the Chinese Communist Party. ByteDance was among 34 tech companies summoned by Chinese regulators in April that were told to undergo a “complete rectification” and to “listen to the warning” from online shopping giant Alibaba, fined by an antitrust fine. 2.8 billion dollars for abuse of dominant position. TikTok has approximately one billion users worldwide, including over 100 million in the United States, where the Trump administration made a number of requests to the Chinese company for security concerns, including the forced sale of American operations to avoid the risk of closing.

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