BYD Transforms Battery Production Line with ForwardX Robotics
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
November 4, 2021: -ByteDance founder Zhang Yiming has stepped down as chairman as the company is continuing to reorganize its business, a person with direct knowledge of the matter told CNBC. ByteDance owns TikTok, the popular short-video app.
Zhang announced his resignation as the CEO of ByteDance in May and said he would move that to a strategy role this year.
The move comes after a massive reorganization at ByteDance this week. Shou Zi Chew, joining ByteDance as CFO from smartphone maker Xiaomi in March, will step down from his position as finance chief to focus full time on his other job as CEO of TikTok.
The Beijing-headquartered firm has created six business units to focus on different areas, from gaming to enterprise software.
When Zhang announced his plan to step down as CEO in May, he said in a note to employees that he believed someone else could “better drive progress through areas such as improved daily management.”
“The truth is, I lack some of the skills that make an ideal manager,” he said at that time.
ByteDance was caught in the geopolitical crosshairs in the previous year after the administration of President Donald Trump dubbed the company a national security threat and tried to force it to sell its U.S. operations. That did not happen in the end.
ByteDance’s reorganization comes after several reshuffles at Chinese companies in which founders have stepped back from their day-to-day duties.
Last week, Su Hua, the co-founder of TikTok’s rival Kuaishou, stepped down as CEO but remained chairman. And in September, Richard Liu, the founder of e-commerce giant JD.com, came from day-to-day operations to focus on the company’s long-term strategy.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
Hertz Global Holdings Inc. (NASDAQ: HTZ), a prominent car rental company, has disclosed further financial losses associated …
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.