ByteDance founder Zhang Yiming steps down as chairman to focus on TikTok

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

New CEO Liang Rubo will take on the role of chairman, the person added.

ByteDance did not immediately respond to a request to comment.

On Tuesday, Liang announced a major organisational reshuffle at ByteDance by creating six business units: TikTok and its Chinese version Douyin, work collaboration unit Lark, business services unit BytePlus, gaming unit Nuverse, and education tech unit Dali Education.