TikTok S’ikorean CEO reportedly bought a GCB for $ 86 million – Health Guild News


Chinese tech giant TikTok recently appointed Singapore’s Chew Shou Zi as the new chief executive in early May, taking over from Kevin Mayer, who left the post last year.

Today (July 30), it is reported that it is in the initial phase of buying a good class bungalow (GCB) for $ 86 million.

It will redevelop an existing property in Queen Astrid Park that spans more than 31,800 square feet, which is about $ 2,700 per square foot.

This news comes after the recent emergence of GCB purchases from other start-up founders. Last month, Ian Ang, CEO and co-founder of the gaming chair manufacturer Secretlab bought two luxury properties in one week worth $ 51 million.

The 28-year-old had splashed cash on a GCB at 27 Olive Road on the Caldecott Hill estate for $ 36 million and a 7,007-square-foot triple penthouse at Leedon Residence for $ 15 million.

Meanwhile, the family of Anthony Tan, CEO of Grab, “grabbed” a good class bungalow near Holland Village for $ 40 million and Razer CEO Min-Liang Tan is said to be in the early stages of buying a GCB in the Bin Tong Park area for $ 40 million.

These recent properties have consolidated their status as “people with an ultra high net worth“.

The new CEO of TikTok has an illustrious career

Image credit: RTE

The Harvard graduate joined TikTok at a crucial point, which is at the peak of its popularity with about 689 million users worldwide.

However, it has to deal with political tensions between China and the United States, which have a growing concern about the privacy of the data in the app, which is gaining its popularity largely by being able to predict what users they want to see below using their powerful algorithm.

Chew also has a very enlightened career. One of his first full-time roles was in investment banking at Goldman Sachs. He was there from 2006 to 2008, before joining DST Investment Management, where he was a partner from 2010 to 2015.

Prior to joining TikTok, he was the Chief Financial Officer (CFO) of Bytedance, the parent company of TikTok, although he served for only three months.

He was also named chief financial officer of Xiaomi, one of China’s largest smartphone companies, in 2015. He served for four years before becoming president of the company’s international business.

During his time, he was able to obtain investor funding and played an important role in seeing Xiaomi appear on the list.

Featured Image Credit: Chew Shou Zi via Twitter / Google Map

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