Zhu became ByteDance’s VP of Product and Strategy in May when ByteDance hired Disney streaming boss Kevin Mayer as TikTok’s new global chief executive. A blog post said Zhu would focus on strategy and product design at ByteDance but there was no mention of investing. On Tuesday, however, a ByteDance spokesperson told CNBC that Zhu also oversees ByteDance investments as part of his role. In October 2016, ByteDance invested in Indian content aggregation platform Dailyhunt and in May this year it backed Beijing financial AI start-up Lingxi. In an interview with The New York Times in November, Zhu said he would not share TikTok user data even if President Xi Jinping asked him personally.

Source: The Standard July 21, 2020 13:52 UTC