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

Mar 31, 2021 | INVESTING

Employees at Chinese tech giant ByteDance, the owner of TikTok, should keep an “ordinary mind” and executives should avoid thinking of the tech firm as a “large company”, founder and CEO Zhang Yiming said in an internal speech on Tuesday, even as the company’s value has reportedly surpassed the market capitalisation of Coca-Cola and rumours swirl about an upcoming initial public offering.“If we position ourselves as a giant company, [we will spend time] thinking about how big companies should…

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