Triller Group, fresh off its IPO, has hired TikTok’s former product chief to lead its TikTok rival Triller app.
Triller Group announced the appointments in a statement on Wednesday (November 20) Sean King as CEO Triller App and the company’s Triller Platform Company. subsidiaries.
Kim served as product director at TikTok US from 2019 to 2022, responsible for strategic direction and various products, including the app’s For You page, creator monetization, TikTok For Developers, third-party integrations, and more.
Most recently, Kim served as President and Chief Product Officer after alla California-based SaaS technology company.
Kim’s experience also includes live tv, Amazonand Amazon Prime.
Triller said Kim’s arrival marks a “pivotal moment in the company’s ongoing transformation…Sean is poised to lead the Triller App as the ultimate destination for creators, fans and brands.”
The appointment reflects the company’s “increased focus on scaling its platform, expanding its global footprint, and delivering cutting-edge experiences for creators, fans and brands,” the company said, vowing to make Triller “the most powerful platform for creators, fans, and brands.” Providing the best apps”. and brands within the industry. “
The company also announced that the next-generation version of the Triller app is expected to be ready in the first quarter of 2025, and plans to launch “a series of new initiatives and product enhancements” in the coming months.
“We are bringing the best talent in the industry to Triller, and I’m excited to lead this transformation,” said Kim.
“Our mission is to be the world’s most creator-focused social platform for discovery, monetization and ownership.”
In addition to Kim, the company said it has brought in other talent from TikTok and Amazon that it expects to bolster its leadership. However, the company did not provide any specific details.
“Our mission is to be the world’s most creator-focused social platform for discovery, monetization and ownership.”
Shaun King, Trier
The news comes about a month after Triller Group listed on the Nasdaq exchange. Triller has been working toward becoming a public company for years. After several failed attempts, the company announced this spring that it would colorIt is a financial services company focusing on Hong Kong.
At the time, the two companies described the merger as creating a $4 billion company. However, the new Triller Group is valued at approx. US$700 million after the first day of trading. The company’s market capitalization has since fallen to about $580 million.
Triller Group named a week after IPO Kevin McGurn – a veteran gourd and Vivo – New CEO, responsible for the company’s two main businesses: Triller Corp. and AGBA Group Holding Limited.
Triller suffered significant financial problems before going public, fending off a series of lawsuits over unpaid music licensing fees on the platform.
Included is a set for 2022 sony musicaccusing the company of using “millions of dollars” of music without authorization. The lawsuit was settled in 2023.
Triller also faces pressure from universal music group Music licensing fees were allegedly not paid.
In a filing with the Securities and Exchange Commission earlier this year, ahead of its planned initial public offering, Triller revealed it owed music rights holders $23.6 million in unpaid fees. The company has raised more than $420 million Less than $1 million in cash and cash equivalents on hand from investors.
As part of its merger with AGBA, Triller retains 50 million The shares in the new company will be “used to resolve certain legal and financial obligations of Triller in the future.”
Based on share prices as of the close of trading on November 20, these stocks were valued at $187 million.global music business
