TikTok has a new CEO: ByteDance CFO Shouzi Chew


The firm on Friday introduced that it had named Shouzi Chew as CEO. He joined the corporate earlier this yr as chief monetary officer of ByteDance, TikTok’s Chinese proprietor. He had beforehand been a high govt at Xiaomi, the Chinese smartphone maker, in response to his LinkedIn profile.

“The leadership team of Shou and Vanessa sets the stage for sustained growth,” ByteDance CEO Yiming Zhang stated in a statement.

“Shou brings deep knowledge of the company and industry, having led a team that was among our earliest investors, and having worked in the technology sector for a decade. He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives.”

Chew relies in his hometown of Singapore, suggesting that the corporate not feels it wants a US-based chief.

Biden administration seeks a pause on TikTok, WeChat court fightsBiden administration seeks a pause on TikTok, WeChat court fights
Last yr, it had tapped an American govt — Disney (DIS) veteran Kevin Mayer — for the highest job, in a transfer that was widely seen as an try to win over US lawmakers.
But TikTok was later embroiled in a dramatic, months-long battle within the United States, after the Trump administration threatened to ban the quick video platform until it bought its American business to a US entity. Former US President Donald Trump had sought to clamp down on TikTok over claims that the app poses a nationwide safety danger, an assertion that TikTok has beforehand referred to as unfounded.
Mayer resigned simply three months into the job, citing the massive shift in “the political environment.” The agency then promoted Pappas, who till then had served as basic supervisor of TikTok’s US operations from Los Angeles.

Pappas instructed NCS Business in a assertion earlier this yr that she was targeted on the app’s person expertise — and easily “reminding folks that we have a path forward.”

TikTok is vastly well-liked within the United States, with about 100 million customers within the nation.
She was promoted just in time to lead TikTok through a 'Category 5 storm'She was promoted just in time to lead TikTok through a 'Category 5 storm'

In current months, the corporate has largely stayed out of the highlight, with little motion since US President Joe Biden took workplace.

This February, the Biden administration requested a federal court docket to pause litigation over Trump’s makes an attempt to ban TikTok from the United States, whereas it performed a assessment of the earlier administration’s strategy to the social media firm.

Policymakers’ chief fear final yr was that ByteDance could possibly be compelled at hand over TikTok’s information on US customers to the Chinese authorities, beneath the nation’s nationwide safety legal guidelines.

TikTok, for its half, has stated that it shops American person information on US-based servers, with a backup in Singapore, and that its information is not topic to Chinese regulation. But skeptics argue that TikTok’s father or mother, ByteDance, is in the end a Chinese enterprise that is nonetheless beholden to Beijing.

TikTok declined to touch upon the Biden administration’s request in February, however was not opposing the federal government’s movement, in response to a court docket submitting.

— Brian Fung contributed to this report.



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