TikTok Owner ByteDance’s Founder Zhang Steps Down as CEO

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  • Bloomberg Technology published this video item, entitled “TikTok Owner ByteDance’s Founder Zhang Steps Down as CEO” – below is their description.

    May.19 — Zhang Yiming, founder of ByteDance Ltd., will step down from his role as chief executive officer. The owner of the popular short-video app TikTok says human resources chief Rubo Liang will become the new CEO. Tom Mackenzie reports on “Bloomberg Markets: Asia.”

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    In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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