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).
