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ByteDance founder Zhang Yiming to step down as chairman

New CEO Liang Rubo has replaced Zhang on the five-member board of the company, Bloomberg said, citing a person familiar with the matter.

November 03, 2021 / 08:16 AM IST
Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo seen by Reuters on Thursday that he will step down as chief executive, to be succeeded by co-founder Rubo Liang.

Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo seen by Reuters on Thursday that he will step down as chief executive, to be succeeded by co-founder Rubo Liang.

ByteDance Ltd’s billionaire founder Zhang Yiming has stepped down as chairman of the company, after announcing his resignation as chief executive officer in May, Bloomberg News reported on Tuesday.

New CEO Liang Rubo has replaced Zhang on the five-member board of the company, Bloomberg said, citing a person familiar with the matter.
Reuters
first published: Nov 3, 2021 08:17 am
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