Xi Jinping’s crackdown on business has transformed the ranking of China’s wealthiest people. As indicated by the Hurun China Rich List 2021, many familiar names dropped several places, while at least nine tycoons have had their properties auctioned by the courts. New names were seen in the top three of this year’s rich list, with…
China’s Rich List Reshuffles as Business Regulations Tighten
November 10, 2021
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AlibabaAsia & PacificChinaChina Business & EconomyChina Rich ListHurunJack MaPony MaSpecial TopicsTencent GroupTikTokWorldZhang YimingZhong Shanshan
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‘I’m Not Very Social’: ByteDance Founder to Hand CEO Reins to College Roommate
May 20, 2021
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Asia & PacificBusinessCEO of TikTok,owner ByteDanceChinaChina Business & EconomyCompaniesInternationalWorldZhang Yiming
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Zhang Yiming announced he will step down as CEO of TikTok-owner ByteDance, saying he lacked the social skills to be an ideal manager and naming his college roommate Liang Rubo as his successor to navigate a rising tide of Big Tech regulations. In a surprise announcement to employees on Thursday, first reported by Reuters and…
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