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Zhang Yiming, Co-Founder of TikTok Parent Company ByteDance, Steps Down as CEO Zhang’s replacement is co-founder Liang Rubo, who heads the company’s HR Getty Images Zhang Yiming, co-founder of Chinese tech giant ByteDance, parent company of TikTok, announced Wednesday that he is stepping down as the company’s CEO. In a memo to employees published online, Zhang said his decision stems in part from the fact that “I lack some of the skills that make an ideal manager. I’m more interested in analyzing organizational and market principles, and leveraging these theories to further reduce m...

ByteDance CEO is stepping down, admits lacking managerial skills Founder of TikTok and CEO at ByteDance Zhang Yiming has announced in a memo to employees he is stepping down from his role, admitting he lacks “some of the skills that make an ideal manager.” His successor will be Liang Rubo, ByteDance co-founder and HR head, and the two men will be working together for the next six months to ensure a smooth transition. Zhang Yiming (left) and Liang Rubo (right) Yiming revealed he was thinking for several months about the idea of stepping down and moving away from the day-to-day responsibili...

by Tyler Durden Thursday, May 20, 2021 - 07:10 AM Zhang Yiming, the mysterious and youthful ByteDance founder who has been the focus of intense media hype in the US, is stepping down from his role atop the Chinese owner of TikTok and its Chinese counterpart, Douyin. Zhang broke the news of his departure in a letter to ByteDance's employees posted on the company's website. Zhang's co-founder and head of human resources Liang Rubo will take over and lead the company through its expected IPO. It's unclear whether Zhang will continue on in his role as chairman of the company's board. Zhang Yimin...

SOURCE / COMPANIES By Global Times Published: May 20, 2021 12:05 PM A company logo of ByteDance Photo:VCGTikTok’s parent company ByteDance’s founder Zhang Yiming will step down as CEO and transition to a new role by the end of 2021. Co-founder Liang Rubo, the current HR head will be the new CEO, according to an internal letter published on Wednesday. According to Zhang, Liang has taken on numerous critical roles at ByteDance at different times, including head of research and development (R&D), Lark and Efficiency Engineering, and most recently, Human Resources and Management. “Now, f...

We need to be having a more comprehensive conversation. it's easy to attack the president what he said if people had to pay the real price, then you know, maybe they would be quicker to get off of oil. so how do we have a conversation? even if we got gas prices down, that's not going to solve the fundamental problem. >> i think the deal is -- the rules are if you're an office, you own it. we have seen that in the the last 20 years. cut both ways. both parties. i don't think -- >> it's hard to escape. >> you can't say now we'll change the rules. i think on a policy level, you know, which as you...