by Tyler Durden
Thursday, May 20, 2021 - 07:10 AM
Zhang Yiming, the mysterious and youthful ByteDance founder who has been the focus of intense media hype in the US, is stepping down from his role atop the Chinese owner of TikTok and its Chinese counterpart, Douyin. Zhang broke the news of his departure in a letter to ByteDance s employees posted on the company s website.
Zhang s co-founder and head of human resources Liang Rubo will take over and lead the company through its expected IPO. It s unclear whether Zhang will continue on in his role as chairman of the company s board.
Zhang Yiming