Zhang Yiming, co-founder of TikTok owner ByteDance, informed workforce of the Chinese know-how giant in a memo that he will step down as chief govt, the firm disclosed on Thursday.
He will be succeeded by co-founder Rubo Liang. The move, 1st described by Reuters, represents the most important corporate shake-up at ByteDance since its launch in 2012. The firm grew to come to be a dominant social media drive in China and turned TikTok into a worldwide feeling.
Mr Zhang wrote that Mr Liang, who was Bytedance’s head of human means, experienced been “an invaluable lover”, advancing the company’s know-how and using the services of and controlling people. He added that he would function with Mr Liang about the following six months to assure a clean transition.
Mr Zhang reported that just after various months of deliberation he concluded that he would have a bigger effect on ByteDance’s lengthier-term initiatives