Xavier Niel joins TikTok board

Xavier Niel, founder of the French telecom company Free, has joined the board of directors of ByteDance, the parent company of TikTok, replacing Philippe Laffont of Coatue Management. This appointment aligns with ByteDance's strategy to enhance its international credibility amid scrutiny over its ties to the Chinese government and data privacy concerns. Niel, who is also a board member of KKR, has a history of investments in technology startups and is expected to provide valuable insights to ByteDance. The company is currently facing challenges in the U.S., where TikTok is under threat of a ban unless its American subsidiary is sold. Niel's exact role remains unclear, but his presence on the board is seen as a significant move for ByteDance as it navigates these turbulent times. ByteDance expressed enthusiasm about Niel's appointment, indicating they look forward to his contributions.