
China’s top tech chiefs are stepping down from their leadership roles amid Beijing’s sweeping crackdown on the sector. E-commerce giant JD.com’s wealthy founder Richard Liu is the most recent executive to step down. Last year, both Zhang Yiming, founder of TikTok-owner ByteDance , and Su Hua, founder of TikTok’s main rival Kuaishou, gave up CEO positions.
Why did these 5 Chinese tech billionaires step down? JD.com’s Richard Liu was the latest, but so did Alibaba’s Jack Ma and Zhang Yiming of ByteDance, TikTok’s parent … comes via ChinaTechNews.com.