On May 8, the shell financial reporter of the Beijing News exclusively learned through querying the online search center of Hong Kong companies that byte beating (Hong Kong) Co., Ltd., which was incorporated in 2012, has changed its name to Tiktok group (Hong Kong) Co., Ltd. the company has three directors, including liangrubo, Mo Zhaoqi and Zhang Peng, CEO of byte beating. The company is a private limited liability company.
According to the above search website, Liang Rubo's appointment date is July 23, 2021 and registered with a Chinese passport. In May last year, Zhang Yiming, the founder of byte beat, announced that he would step down as CEO and Liang Rubo would take over, fully responsible for the overall development of the company.
Mo Zhaoqi's appointment date on the above search website is May 6, 2022. He is registered with a Hong Kong passport and is suspected to be a legal person of the company. Zhang Peng's appointment date on the above search website is May 6, 2022, and he is registered with a Hong Kong passport. According to the information on the industrial and commercial registration website, Zhang Peng served as the shareholder and supervisor of Tianjin Private Equity Fund Management Co., Ltd., with a shareholding ratio of 20%.
Screenshot of Hong Kong company online search center (purchased and used)
According to the national enterprise credit information publicity system, several other companies under byte beat have also changed their names to "Tiktok". In May, 2022, bytewo Co., Ltd. was renamed as Tiktok Co., Ltd. all the shares of the company have been pledged to Beijing bytewo Network Technology Co., Ltd. by Zhang Lidong and Zhang Yiming. Beijing bytehop Network Technology Co., Ltd. is a wholly-owned subsidiary of the above-mentioned Tiktok group (Hong Kong) Co., Ltd.
Tiktok is the most well-known product under bytecode beat, with more than 600million active users in the previous day. In November last year, liangrubo, CEO of byte beat, announced the establishment of six business segments, namely, Tiktok, vigorously education, flying book, volcanic engine, Asahi Lightyear and tiktok. The Tiktok business segment is responsible for the overall development of the company's domestic information and service business, including Tiktok, today's headlines, watermelon video, search, encyclopedia and other vertical service businesses. Among them, two core products, Tiktok and today's headlines, contributed most of the domestic revenue of byte beating.
On April 25 this year, the company appointed a new chief financial officer (CFO), which was assumed by Julie Gao, senior partner of Shida international law firm. These successive moves are considered that the company is reconsidering to list Tiktok and other domestic businesses in Hong Kong as Tiktok group.