ByteDance hires Xiaomi executive as CFO, moving towards IPO
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TikTok owner ByteDance said on Wednesday it has hired Xiaomi Corp senior vice president Shou Zi Chew to be its new chief finance officer. Chinese smartphone maker Xiaomi said earlier today in a filing to Hong Kong Exchange that Chew had resigned. ByteDance`s creation of the CFO role signals that it is moving towards a much-anticipated initial public offering (IPO).