ByteDance founder Zhang Yiming steps down as chairman
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
- Education tech unit Dali Education
Liang also said TikTok CEO Shou Zi Chew will step down as its parent ByteDance’s chief financial officer to focus on running the short-video platform full time. Chew joined ByteDance as CFO in March and was appointed as TikTok CEO in May.