Zhang, who founded the Chinese startup in 2012, will focus on longer-term strategy, the company announced Thursday. Liang will take the reins of the world’s most valuable startup as it prepares for a highly anticipated initial public offering. Reuters first reported Zhang’s move.
Photo: Bloomberg
ByteDance Ltd. founder Zhang Yiming will step down from his role as chief executive officer, handing the reins of TikTok’s owner to human resources chief Rubo Liang.
