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Zhang Yiming founder of ByteDance and TikTok resigns as CEO

bySidra Butt
May 20, 2021
in New, Technology, World
Reading Time: 1 min read
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On Thursday, Zhang Yiming, the founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as a chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed.

The move, first reported by Reuters, represents the biggest corporate shake-up at ByteDance since its launch in 2012.

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The company grew to become a dominant social media force in China and turned TikTok, a short-video app popular with teenagers, into a global sensation.

Zhang will move to a “key strategy” position at the end of this year, ByteDance said in a statement.

Tags: ChinaReutersTiktok
Sidra Butt

Sidra Butt

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