ByteDance founder Zhang Yiming to step down as CEO by end of 2021 – TechCrunch

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Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his function because the CEO and passing the torch to Liang Rubo, one other co-founder of the TikTok father or mother and one of many world’s most respected web juggernauts.

In an inside letter to workers, 38-year-old age Zhang mentioned he’s making the transition to spend extra time on “long-term technique, company tradition, and social accountability.”

Zhang will work facet by facet with Liang, presently ByteDance’s head of human sources and his faculty classmate, over the subsequent six months to make sure a easy transition. Zhang will stay as a member of the board at ByteDance.

From the sound of the letter, Zhang reminisces in regards to the interval between faculty and beginning ByteDance in 2012 when he spent ample time serious about the longer term. That led him to conclude that machine studying would revolutionize the best way folks encountered data and the concept laid the inspiration for ByteDance’s algorithm-driven content material distributors akin to Toutiao and TikTok. However appearing as a CEO, he mentioned, he was preoccupied with “listening to displays, dealing with approvals, and making choices reactively.”

“Innovation and success are rooted in years of exploring and imagining what is feasible. Nevertheless, few folks have actual perception into the longer term, preferring to mannequin on present and previous achievements,” the founder wrote, citing American tech giants as function fashions.

“Individuals are amazed by the success of electrical automobiles, however they neglect that Tesla is 18 years outdated and first experimented with laptop computer batteries to energy its autos. Folks find out about Apple’s software program administration device HomeBrew, however few notice that laptop geeks had been discussing the Apple I within the HomeBrew Membership within the 1970s.”

Zhang additionally acknowledged that he’s not the best supervisor kind, saying he’s “extra curious about analyzing organizational and market ideas, and leveraging these theories to additional scale back administration work, relatively than truly managing folks.”

“Equally, I’m not very social, preferring solitary actions like being on-line, studying, listening to music, and daydreaming about what could also be doable.”

Liang seems to be a greater match for carrying the CEO hat for his expertise main R&D and Lark, which began as an inside work collaboration device and later advanced right into a full-flung SaaS product bought to different enterprises.

One other high-profile Chinese language tech boss who not too long ago resigned from day-to-day operations was Colin Huang, founding father of Alibaba’s arch rival Pinduoduo. Huang took a step again so he may allocate his vitality to meals and life sciences, areas that the e-commerce agency hopes may gasoline its future progress.

 

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