ByteDance founder Zhang to step down as chairman - Bloomberg News

4 weeks ago 25

Zhang Yiming, laminitis and planetary CEO of ByteDance, poses successful Palo Alto, California, U.S., March 4, 2020. REUTERS/Shannon Stapleton

Nov 3 (Reuters) - ByteDance laminitis Zhang Yiming has stepped down arsenic president of the TikTok owner, aft announcing his resignation arsenic main enforcement serviceman successful May, a idiosyncratic with nonstop cognition of the substance told Reuters.

New CEO Liang Rubo volition instrumentality connected the relation of chairman, the idiosyncratic added.

ByteDance did not instantly respond to a petition to comment.

On Tuesday, Liang announced a major organisational reshuffle astatine ByteDance by creating six concern units: TikTok and its Chinese mentation Douyin, enactment collaboration portion Lark, concern services portion BytePlus, gaming portion Nuverse, and acquisition tech portion Dali Education. work much

Liang besides said TikTok CEO Shou Zi Chew volition measurement down arsenic its genitor ByteDance's main fiscal serviceman (CFO) to absorption connected moving the abbreviated video level afloat time.

Chew joined ByteDance arsenic CFO successful March and was appointed arsenic TikTok CEO successful May.

Reporting by Yingzhi Yang successful Beijing and Bhargav Acharya successful Bengaluru; editing by Shri Navaratnam and Richard Pullin

Our Standards: The Thomson Reuters Trust Principles.

Read Entire Article