The Chinese government has recently cracked down on the technology industry, imposing fines, including ByteDance, for antitrust violations, as well as issuing warnings to technology company executives about corporate liability. This is believed to be the communist government’s concern that these companies are becoming less and less subject to regime control.
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Lian Zhubo, with whom Jan co-founded “ByteDance”, will become the head of the company.
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“Actually, I lack the skills of an ideal leader. I’m more interested in analyzing organizational and market principles than managing people,” explained 38-year-old Jan.
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He added that he was not sociable and would rather spend time alone on activities such as surfing the internet, reading, listening to music and dreaming about what would be possible.
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Zhang is facing enormous tensions in trying to convince the world that TikTok will not pass on user data to the Chinese government, as well as protecting the company’s image in his country to prove that he is not compliant with Western demands.
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According to Forbes magazine, Zhan has a wealth of $ 36 billion (29 billion euros) and is the fifth richest man in China.
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