ByteDance CEO stepping down |


ByteDance CEO Zhang Yiming yesterday instructed staff of the corporate that he could be stepping down from that position by the top of the yr, together with his fellow co-founder and HR head Liang Rubo taking up the CEO place.

In an inside letter launched by the corporate, Yiming defined that his day-to-day obligations as CEO had prevented him from specializing in the larger image, which is why he’ll transition to a brand new long-term technique position throughout the firm.

“I imagine I can greatest problem the boundaries of what the corporate can obtain over the subsequent decade, and drive innovation, by drawing on my strengths of highly-focused studying, systematic thought, and a willingness to try new issues,” Yiming mentioned.

He added, “After handing over my position as CEO, and eradicating myself from the obligations of every day administration, I’ll have the house to discover long-term methods, organizational tradition and social duty, with a extra goal perspective on the corporate.”

ByteDance could also be greatest identified for its TikTok short-form video sharing platform, however the firm has made a number of strikes into the gaming sphere as nicely.

It owns quite a lot of recreation improvement studios, together with Ohayoo, Nuverse, and PixDance, and final yr it established the Chinese language recreation writer Pixamin and launched its personal informal recreation platform Danjuan Video games.

It has expanded that gaming footprint this yr with the acquisitions of C4 Video games and Moonton Expertise.

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