ByteDance founder Zhang Yiming retreats from corporate roles as firm’s IPO plan remains in limbo

//ByteDance founder Zhang Yiming retreats from corporate roles as firm’s IPO plan remains in limbo

ByteDance founder Zhang Yiming retreats from corporate roles as firm’s IPO plan remains in limbo

ByteDance founder Zhang Yiming, the Chinese entrepreneur who is one of the world’s wealthiest billionaires under 40, has resigned as legal representative of at least three affiliated companies, months after announcing he would step down as chief executive of the country’s biggest tech unicorn at the end of this year.Zhang, 38, on Wednesday relinquished his role as legal representative of Tianjin Tongrong E-commerce Co, the entity used by ByteDance to acquire Wuhan Hezhong Yibao Technology Co,…

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By | 2021-07-30T11:00:44+00:00 July 30th, 2021|Technology|Comments Off on ByteDance founder Zhang Yiming retreats from corporate roles as firm’s IPO plan remains in limbo