China Big Tech Founders Leave Companies Amid CCP’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 in March 2012.In October 2014, Bytedance established the CCP branch, followed by a Party Committee in April 2017, then grassroots Party branches such as audit and operations, public affairs, and technical support, according to state-owned media.In 2016, Zhang launched a short-form video app called…
Source: http://freedombunker.com/2021/11/11/china-big-tech-founders-leave-companies-amid-ccps-private-sector-crackdown/
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