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ByteDance founder Zhang Yiming to step down as CEO by end of 2021


Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts.
In an internal letter to employees, 38-year-old age Zhang said he is making the transition to spend more time on “long-term strategy, corporate culture, and social responsibility.”
Zhang will work side by side with Liang, currently ByteDance’s head of human resources and his college classmate, over the next six months to ensure a smooth transition. Zhang will remain as a …

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