140.00 ₽ ByteDance to reorganise into six units, CFO steps down to focus on... Bennwil

Published date: 2024/11/30
  • Location: Stubengraben 88, 4191, Bennwil, Valais, Austria

ByteDance's Chinese products, including Douyin, news aggregator Toutiao, video-streaming platform Xigua, will be folded into the Douyin unit, which will take over all "information and service" operations in the Chinese market.

these are important first steps on a long-term journey of change," Sport England CEO Tim Hollingsworth and UK Sport CEO Sally Munday said in a statement. "We welcome today's report and acknowledge that though there is no quick fix to the challenges facing the sport of gymnastics ...

"Through Reform '25, we must seize this opportunity and make the care of everyone involved in gymnastics as important as our focus on developing participation and performance," said British Gymnastics Chief Executive Sarah Powell.

ByteDance will also be reorganised into six units - TikTok and its Chinese version Douyin, work collaboration unit Lark, business services unit BytePlus, gaming unit Nuverse, and education tech unit Dali Education, Liang said in the memo.

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