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Matthew Brennan Profile picture
Matthew Brennan
@mbrennanchina
Speaker | Author | Covering Tencent & ByteDance. Media & speaking inquiries: info@chinachannel.co | DMs open
May 20, 2021 • 8 tweets • 3 min read
Who is the new CEO of #ByteDance?

A thread 👇🧵👇 Liang Rubo and founder Zhang Yiming were dormitory roommates in university where they forged a deep friendship, studying, programming, and playing badminton together. When Yiming's dorm room PC was stolen, Rubo lent him money to buy a new one which they shared use of.
May 26, 2020 • 8 tweets • 2 min read
In 2013, that same Russian investor from Dan’s story came out of nowhere to make one of the greatest venture bets in the history of China. Why did #Bytedance choose an outsider to lead their Series B round? Here’s the story: Bytedance’s earliest funding was led by founder Zhang Yiming’s friend Joan Wang (SIG Asia). Joan had worked with Yiming for years and knew exactly how capable he was but other VCs were absolutely unimpressed. Joan introduced Yiming to 20+ of her contacts. No one was optimistic.