ByteDance co-founder Zhang Yiming to step down as CEO
TikTok roped in Gandhi in the year 2019 as its India head to drive the next phase of growth for the Chinese short video-sharing platform.
TikTok roped in Gandhi in the year 2019 as its India head to drive the next phase of growth for the Chinese short video-sharing platform.
Vanessa Pappas, who was serving as interim CEO, will take the role of COO going forward.
The executives expressed uncertainty on the company's comeback to India but expressed hope to do so in times to come.
If the revised proposal submitted by ByteDance is rejected by the Trump administration, TikTok could be effectively banned in the US.
The CGTN in its report said that it "has learned from sources that ByteDance will also not sell TikTok's US operations to Oracle".
Shiji Group, a China-based global hospitality technology provider which has Kempinski hotel as one of its clients, said on Tuesday that its board has approved the decision to sell its 100 per cent controlled US subsidiary StayNTouch to MRC, a US hotel operating company, after a White House administrative order, reports The Global Times
This latest development came hours after TikTok’s chief executive Kevin Mayer left the company after serving for a period of three months.
Mayer announced his departure in an internal letter to employees. He said his decision to leave comes after the political environment has sharply changed.
In an earlier order issued on August 7, Trump prohibited the China-based company from doing business with US firms after 45 days.
1. TikTok's business in India "is being valued at more than $3 billion", the report added. 2. Prior to the ban, TikTok had over 200 million users in India.
