ByteDance founder Zhang Yiming to step down as CEO by end of 2021

Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts. In an internal letter to employees, 38-year-old age Zhang said he is making the transition to spend […]