>> Raymond Zhong, The New York Times
Published: 2021-05-20 15:12:15 BdST
ByteDance’s co-founder and head of human resources, Liang Rubo, will take the reins as chief executive.
“After handing over my role as CEO, and removing myself from the responsibilities of daily management, I will have the space to explore long-term strategies, organisational culture and social responsibility, with a more objective perspective on the company,” Zhang wrote.
Zhang, 38, is also ByteDance’s chairman. The letter, which ByteDance posted on its website, did not address whether the leadership transition would affect his role in that position.
ByteDance, founded in 2012, is China’s first truly global internet company. With TikTok, it has achieved a level of commercial success and cultural influence that none of the country’s other tech powerhouses have managed outside China’s borders.
© 2021 New York Times News Service