ByteDance Co-founder Zhang Yiming to Step Down as CEO

(Source: ByteDance)

Zhang Yiming, Chinese internet giant ByteDance’s co-founder, will step down as chief executive and transition to a new role at the end of 2021 to focus on long-term strategy, the biggest management shake-up since the company’s launch in 2012.

ByteDance’s co-founder and current head of human resources Liang Rubo will become Zhang’s succ…