ByteDance CEO ‘working overtime’ to devise TikTok solution
ByteDance Ltd. is exploring all possibilities to resolve an intensifying confrontation with Washington, Chief Executive Officer Zhang Yiming said, stressing the world’s largest startup has made no final decision on options like a sale of TikTok U.S. to Microsoft Corp.
"The current geopolitical and public opinion environment is becoming more and more complex. We are facing great external pressure in some markets,” the founder told employees in an internal memo. “Our team in response has been working around the clock and overtime in the past few weeks to strive for the best outcome.”