TikTok’s Chinese founder announced STEPPING DOWN
TikTok’s Chinese founder announced on Thursday that he will step down as the company’s CEO, The Associated Press reported.
Zhang Yiming shared that co-founder Liang Rubo will succeed him as the new CEO of ByteDance Ltd.
Zhang sent a letter to his employees about his sudden resignation from his post, saying that he lacked “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 management work, rather than actually managing people,” he said in his letter. “Similarly, I’m not very social preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible.”