Ti’Tok’s CEO S’porean reportedly bought GCB for $ 86 million


Chinese technology giant TikTok recently appointed Singapore’s Chew Show Zi as its new CEO earlier in May, taking over Kevin Mayer, who left the post last year.

Today (July 30) it is reported that he is at an early stage buying a good class bungalow (GCB) for $ 86 million.

He will renovate an existing property in Queen Astrid Park that spans 31,800 square feet, or about $ 2,700 per square foot.

This news follows a recent series of GCB purchases from other founders. Last month, Ian Ang, CEO and co-founder of the game chair manufacturer Secretlab bought two luxury properties worth $ 51 million a week.

The 28-year-old squandered cash at GCB at 27 Olive Road on the Caldecott Hill estate for $ 36 million, and a three-bedroom 5-bedroom penthouse at Leedon Residence for $ 15 million.

Meanwhile, the family of Grab CEO Anthony Tan ‘grabbed’ a a good class bungalow near Holland Village for $ 40 million Razer CEO Min-Liang Tan is reportedly in the early stages of the acquisition GCB in the Bin Tong Park area for $ 40 million.

These recent property raids have solidified their status.individuals with extremely high net worth“.

The new director of TikTok has a great career

Image credit: RTE

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

However, it has to manage political tensions between China and the United States that have growing concerns about the privacy of in-app data, which is gaining in popularity largely thanks to the ability to predict what users want to see next using its powerful algorithm.

Chew also has a very famous career. One of his first permanent 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 Chief Financial Officer (CFO) of Bytedance, the parent company of TikTok, although he only worked for three months.

In 2015, he was also appointed CFO of Xiaomi, one of China’s largest smartphone companies. He retained his role for four years before taking over as president of the company’s international business.

During his time, he managed to secure funding from investors and played a big role in getting Xiaomi on the list.

Highlight credit: Chew Shou Zi via Twitter / Google Maps

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