ByteDance co-founder Zhang Yiming to step down as CEO, Rubo Liang to be successor

ByteDance co-founder Zhang Yiming to step down as CEO, Rubo Liang to be successor

Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton

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.

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