ByteDance to reorganise into six units, CFO steps down to focus on TikTok

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken Nov. 27, 2019. REUTERS/Dado Ruvic

TikTok CEO Shou Zi Chew will step down as its parent ByteDance‘s chief financial officer (CFO) to focus on running the short video platform full time, according to an internal memo the company shared with Reuters.

The memo, which was sent by ByteDance co-founder Liang Rubo to staff on Tuesday, also outlined a major reshuffle at the Beijing-based company to create six business units (BUs).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter