Caixin
May 10, 2022 08:53 PM
TECH INSIDER

Tech Insider: TikTok Owner Stokes IPO Speculation, Tough New Livestreaming Rules

There's speculation that TikTok owner ByteDance is planning to list its Douyin business. Photo: VCG
There's speculation that TikTok owner ByteDance is planning to list its Douyin business. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Baidu appoints new cloud chief

Baidu Inc. has tapped executive vice president Shen Dou to lead the company’s AI cloud group as part of a leadership shakeup.

The role change comes as the firm tries to diversify its revenue base to lessen dependence on the online advertising business, which has been in decline. In early 2021, Baidu CEO Robin Li said that his company would seek to earn more than half of its revenues from nonadvertising businesses including cloud and autonomous driving within three years.

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