ByteDance founder Zhang Yiming said he was stepping down from his role as CEO of one of China’s biggest internet giants, best known in the West as the owner of the global hit app TikTok. Zhang said he would step back from day-to-day management to focus on the company’s longer term initiatives and social responsibility. Over the next six months, he will hand over the company’s reigns to...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Another Major Venture Firm to Separate China Investment Partners Following U.S. Pressure
GGV Capital, a prominent venture capital firm managing $9.2 billion in assets, plans to separate its China and U.S. teams following scrutiny from lawmakers in Washington about the national security implications of the firm’s investments in Chinese artificial intelligence and semiconductor firms, according to a notice the firm sent to its investors on Thursday. The move comes a few months...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Org Charts enterprise Finance
The People in Power at Tech Private Equity Juggernaut Thoma Bravo