ByteDance CEO Will No Longer Dance With His Company By The End of 2021

ByteDance CEO Zhang Yiming announced recently that he will step down from his role at the end of the year, and his fellow co-founder and HR head Liang Rubo will take over the role.
A company letter stated that Yiming’s day-to-day responsibilities as CEO prevented him from focusing on the bigger picture, which is why he will transition into 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, by drawing on my strengths of highly-focused learning, systematic thought, and a willingness to attempt new things Yiming said.
He explained that by relinquishing my role as CEO and detaching himself from the daily management of the company, he would be able to focus on long-term strategies, organizational culture, and social responsibility with an objective perspective on the company.
Though ByteDance is best known for its TikTok short-form video sharing platform, the company has also entered the gaming industry.
In addition to its game development studios Ohayoo, Nuverse, and PixDance, it established Chinese game publisher Pixamin and launched its own casual game platform Danjuan Games in 2020.
The company has expanded its gaming footprint in 2021 with the acquisition of C4 Games and Moonton Technology.

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