TikTok Owner ByteDance Announces China Leaders, Targets 100,000 Global Headcount

Beijing-based ByteDance, proprietor of worldwide short video hit TikTok, on Thursday, delegated new heads for its China business and set an objective to almost twofold its worldwide headcount to 100,000 before the year's over.

The eight-year-old startup, which was esteemed at $78 billion in its most recent financing round, as of now has more than 60,000 representatives across 30 nations.

It likewise said that it has named monetization head Zhang Lidong as the executive of its China business to manage the Chinese market's non-item tasks, including procedure and monetization.

Chinese short video application Douyin head Kelly Zhang Nan will get CEO of the Chinese business, directing the nation's item activities, including Chinese news aggregator Jinri Toutiao, Douyin, and Xigua Video, Bytedance said.

Both will answer to the organization's author and worldwide CEO Zhang Yiming, who will move his concentration to the organization's worldwide development plans, as indicated by the announcement.

TikTok was the most downloaded non-game application on Apple's worldwide application store and Google Play over the past successive two months, as per application execution tracker Sensor Tower.

Its ascent to worldwide fame has likewise attracted consideration from controllers of various nations. ByteDance is presently involved in a US national security investigation into TikTok's treatment of client information.

To assuage those worries, ByteDance has increased determination in operationally isolating Tiktok from quite a bit of its Chinese organizations, Reuters announced a year ago.

The Beijing-based organization likewise claims joke application Pipixia, Indian-language online life application Helo, and work proficiency application Lark.