ByteDance CEO stepping down

Originally published on by Brendan Sinclair

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ByteDance CEO Zhang Yiming yesterday told employees of the company that he would be stepping down from that role by the end of the year, with his fellow co-founder and HR head Liang Rubo taking over the CEO position.

In an internal letter released by the company, Yiming explained that his day-to-day responsibilities as CEO had prevented him from focusing on the bigger picture, which is why he will transition to a new long-term strategy role within the company.

“I believe I can best challenge the limits of what the company can achieve over the next decade, and drive innovation,

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