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ByteDance to Reorganise as CFO Shou Zi Chew Steps Down to Focus on TikTok, Memo Shows

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ByteDance to Reorganise as CFO Shou Zi Chew Steps Down to Focus on TikTok, Memo Shows

An internal memo shared by Douyin and Reuters shows that Zhou Shouzi, CEO of Douyin, will resign as the chief financial officer (CFO) of the parent company Bytedance to focus on operating the short video business full-time. This move was made after ByteDance shelved its plans to go public in April and stated that there are no plans for an upcoming initial public offering (IPO).

It had previously planned to go public in Hong Kong or New York. Chew joined ByteDance as the chief financial officer in March and was appointed as the chief executive officer of TikTok in May. Liang Rubo, CEO of Bytedance, said in a memo sent to employees that the Chinese technology company also plans to undergo a major reorganization to create six business units.

These six departments are TikTok, Douyin, work collaboration department Lark, business service department BytePlus, game department Nuverse and education technology department Dali. Douyin is the Chinese version of TikTok.

News Source : Gadgets 360

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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

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Surfaces of the Motorola Edge 50 Ultra with Snapdragon 8S Gen 3

Early this week, renders of the Edge 50 Fusion appeared, and Motorola has previously stated that the Edge 50 Pro will ship on April 3. The highest-end smartphone in the Edge 50 series, the Edge 50 Ultra, has now been shown in renders.

The phone is depicted in the renderings in peach fuzz and black with a vegan leather finish, while sisal, a beige color, will have a brushed surface. As opposed to the Snapdragon 7 Gen 3 in the Pro variant and the Snapdragon 6 Gen 1 in the Edge 50 Fusion, the phone is reportedly powered by the Snapdragon 8s Gen 3 SoC.

A 50MP primary camera, an ultra-wide camera, and a periscope telephoto camera with a 5x optical zoom are all included in the Motorola Edge 50 Ultra’s feature set. Additionally, there is a triple LED flash on the right side and a laser autofocus feature above the periscope lens.

Although the phone’s display, battery, and charging specifications are yet unknown, the Edge 50 Pro is said to include 12GB of RAM and support both 50W and 125W wired and wireless charging.

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It is anticipated that this will launch as the Motorola X50 Ultra in China. It is unclear if the India launch may be expected on the same day as the rest of the Edge 50 series phones, even if this is scheduled to go official on April 3.

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