News Formal

Founder of TikTok owner ByteDance tells employees to stay grounded and focused as company expands in size and value

  • 📰 staronline
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

ByteDance CEO Zhang Yiming told employees to keep an ‘ordinary mind’ and make decisions without worrying about growth goals as the company moves closer to an IPO. ByteDance’s valuation has surpassed that of Coca-Cola as it searches for new areas of growth, including gaming and education, while challenges overseas continue.

Zhang referred to several new products that have made progress in the past year, including gaming studio

Still, investors continue to have big hopes for the company. ByteDance’s shares are trading at a valuation of more than US$250bil in the secondary market, higher than Coca-Cola’s market cap of US$229bil , while Zhang weighs the options for an IPO, Bloomberg reported on Tuesday. Zhang said that he hopes the company will see rapid growth, but he added that it should not be affected by “growth anxiety”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines