TikTok names ByteDance CFO Shouzi Chew as new CEO

FILE PHOTO: Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) -TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday.

Chew, based in Singapore, will retain close ties to TikTok's Chinese owner ByteDance where he will remain Chief Financial Officer.