America Box Office ByteDance China Entertainment Human Resources Liang Rubo North America Online Video Social Media South Korea Technology TikTok United States USA
May 21, 2021 ByteDance Founder Zhang Yiming to Step Down as CEO ByteDance Ltd.'s co-founder Zhang Yiming announced that he will step down as CEO, signaling a major leadership shake-up at the 9-year-old technology firm that created global short-video sensation TikTok. The billionaire entrepreneur will be replaced by Liang Rubo, ByteDance's head of human resources, according to a memo from Zhang published on the company's blog. Zhang will remain at ByteDance, where he will focus on "longer-term initiatives" after stepping back from day-to-day responsibilities, he wrote. He did not say whether he would remain chairman of the firm, nor specify…
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