Employees at Chinese tech giant ByteDance, the owner of TikTok, should keep an “ordinary mind” and executives should avoid thinking of the tech firm as a “large company”, founder and CEO Zhang Yiming said in an internal speech on Tuesday, even as the company’s value has reportedly surpassed the market capitalisation of Coca-Cola and rumours swirl about an upcoming initial public offering.
“If we position ourselves as a giant company, [we will spend time] thinking about how big companies should hold annual parties and make grand strategies,” Zhang said during a livestreamed address to employees that marked the ninth anniversary of the online entertainment startup. ByteDance publicly released excerpts from the speech a day later.