ByteDance CEO sees company’s lead advantage diminishing · TechNode

ByteDance CEO Liang Rubo mentioned the corporate’s lead benefit in its predominant content material choices — together with Douyin, TikTok, and Jinri Toutiao — has diminished over the previous yr or two throughout an inner assembly held on March 16 to rejoice ByteDance’s eleventh anniversary. Douyin CEO Kelly Zhang, TikTok CEO Shou Zi Chew, and president of e-commerce on the platform Kang Zeyu additionally attended the assembly, tech media outlet 36Kr reported. Kang believes TikTok’s e-commerce phase would be the firm’s predominant development driver this yr and is making ready a large-scale launch within the US. Nonetheless, the brief video platform is at the moment going through a possible ban from the US until ByteDance sells its stake in TikTok. Chew addressed this difficulty within the assembly, stating that the corporate is constructing “a really substantial safety answer” that it hopes will handle this concern. [36Kr, in Chinese]