Business

China’s ByteDance, proprietor of TikTok, noticed income surge 111% in 2020

A billboard promoting Chinese language video app TikTok at Wangfujing road on August 20, 2020, in Beijing. VCG | Visible China Group | Getty Photographs

Business

ByteDance CEO Zhang Yiming to step down, transition to new function

GUANGZHOU, China — Zhang Yiming, co-founder of ByteDance, will step down as CEO and transition to a brand new function, the corporate mentioned on Thursday.