Xavier Niel replaces Coatue’s Laffont on board of TikTok parent ByteDance
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French billionaire Xavier Niel has been appointed to the board of ByteDance, the parent company of TikTok, replacing Philippe Laffont of Coatue Management. This change comes as Coatue considers selling part of its ByteDance stake. Niel, who owns telecom company Iliad and has invested in startups through Kima Ventures, is noted for his less common presence in high-profile board roles. He also founded Station F in Paris and a computer science school, 42.
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