ByteDance staff and investors have been amazed as the creator has stepped back
Zhang Yiming said he discussed resigning as CEO of ByteDance in March, but said he was caught off guard by an initial $ 200 billion investor.
After a tumultuous year, the 38-year-old founder has announced that he will hand over the duties to his CEO on Thursday to step down from staff, even as his company is preparing for a public start-up.
While in his letter he said he was not so interested in “really managing people”, Zhang was the only CEO of ByteDance, and TikTok built a company with a viral video application to become a global challenge. To Facebook and Tencent.
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