TikTok CEO Says ByteDance Needs To Accept Misunderstanding for a while
TOn August 4, TikTok's CEO Zhang Yiming published an internal letter with the theme, "Don't care about short-term damage to the reputation, be patient and do the right thing." Zhang Yiming said that cultural conflict is a problem that most Chinese companies will not encounter. Still, it is inevitable for ByteDance, which is why he added "diversity and compatibility" to company values.
Also, Zhang Yiming responded to public opinion on social media, saying that the reason CFIUS forced TikTok to sell its US business was not the merger of musical.ly, and the total ban was its real purpose. Bytedance needs to accept misunderstandings over a while.