New Delhi: ByteDance’s founder Zhang Yiming has introduced that he’ll step down because the chief govt officer (CEO) and can hand over the reins to co-founder and HR head Liang Rubo.
In an inner letter on Wednesday, Yiming mentioned he’ll transition to a brand new function on the finish of 2021, specializing in long-term technique, company tradition and social accountability.
“After several months of thinking about this, I came to the conclusion that transitioning out of the role of CEO, with all of the related day-to-day responsibilities, would enable me to have a greater impact on longer-term initiatives,” Yiming mentioned within the letter.
“Our success over the last nine years has been predicated upon our ability to innovate at just the right moment in the development of the industry. Notably, this has included applying machine learning to mobile and video products,” he added.
He additionally mentioned that he lacks a number of the expertise that make a super supervisor.
“I am more interested in analysing organisational and market principles and leveraging these theories to further reduce management work, rather than actually managing people,” the founder mentioned.
Not too long ago, Nikhil Gandhi, the India Head of ByteDance-owned quick video-sharing platform TikTok, determined to stop and was presently serving his discover interval.
After the corporate folded its India enterprise, Gandhi was redesignated as TikTok Head for the Center East, Africa, Turkey and South Asia.
TikTok roped in Gandhi within the yr 2019 as its India head to drive the subsequent section of development for the Chinese language quick video-sharing platform.
Nevertheless, in 2020, the Indian authorities mentioned it was banning 59 apps developed by Chinese language companies, together with TikTok, over considerations that these apps have been participating in actions that threatened the nationwide safety and defence of the nation.