May 27, 2024


Imagination at work

ByteDance boss to step down in big shake-up at TikTok owner

Zhang Yiming, co-founder of TikTok owner ByteDance, explained to workforce of the Chinese know-how giant in a memo that he will stage down as chief executive, the firm disclosed on Thursday.

He will be succeeded by co-founder Rubo Liang. The go, very first noted by Reuters, signifies the most significant corporate shake-up at ByteDance since its launch in 2012. The firm grew to become a dominant social media force in China and turned TikTok into a world sensation.

Mr Zhang wrote that Mr Liang, who was Bytedance’s head of human assets, experienced been “an a must have husband or wife”, advancing the firm’s know-how and hiring and taking care of folks. He included that he would do the job with Mr Liang over the up coming 6 months to assure a easy changeover.

Mr Zhang mentioned that right after many months of deliberation he concluded that he would have a better influence on ByteDance’s for a longer time-expression initiatives if he transitioned out of the chief executive purpose.

“The fact is, I deficiency some of the competencies that make an great supervisor. I am additional intrigued in analysing organisational and market place rules, and leveraging these theories to even more reduce administration do the job, fairly than really taking care of folks,” Mr Zhang wrote.

“Equally, I am not incredibly social, preferring solitary actions like becoming on the internet, studying, listening to music and considering what may be doable,” he included.

Mr Zhang’s choice to stage down arrives fewer than a thirty day period after ByteDance named its chief monetary officer Shouzi Chew as chief executive of TikTok.

TikTok has sought to length alone from Beijing right after the United States elevated nationwide security fears over the basic safety of the particular information it handles.

Former US president Donald Trump’s administration sought to force ByteDance to divest command of the app. A US plan to market TikTok’s American operations to a consortium that involved Oracle Corp and Walmart Inc languished, nevertheless, after ByteDance launched prosperous authorized difficulties.