Beijing Bytedance Technology Co Ltd

How China’s Tencent Avoided an Antitrust Push, For Now.

That’s glossing over the huge power imbalance between Tencent and the many satellite companies in its orbit. Colin Huang, founder of Pinduoduo, hinted at that in a 2018 interview, in which he groused that WeChat declined to help censor accusations about fake merchandise on his shopping platform. “Tencent won’t die when Pinduoduo dies,” he said, …

How China’s Tencent Avoided an Antitrust Push, For Now. Read More »

TikTok’s Owner, ByteDance, Says C.E.O. Zhang Yiming Will Resign

The increased regulatory pressures are leading some internet executives to try to avoid drawing additional attention to themselves — none more so than Jack Ma, Alibaba’s billionaire co-founder and one of China’s most celebrated entrepreneurs. Mr. Ma stepped down as Alibaba’s chief executive in 2013 — also, according to the company, to focus on grand …

TikTok’s Owner, ByteDance, Says C.E.O. Zhang Yiming Will Resign Read More »