(March 24): ByteDance Ltd. hired Xiaomi Corp.’s Chew Shou Zi as its chief financial officer, fueling speculation over the social media giant’s plans to go public. I will be joining Bytedance as CFO in my hometown Singapore. Thank you so much to the @Xiaomi family, and @leijun in particular for the years of guidance. pic.twitter.com/j1UyfWQwHs — Shou Zi Chew (@ShouZiChew) March 24, 2021Chew had overseen Xiaomi’s smartphone international expansion before his departure. Founded by Zhang Yiming in 2012, ByteDance built TikTok into one of the most popular apps around the world, with more than 100 million users in the U.S. alone.

Source: The Edge Markets March 25, 2021 01:18 UTC