FILE--Zhang Yiming, founder and CEO of tech company Bytedance

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TikTok parent ByteDance co-founder Zhang Yiming to step down as CEO - The Tech Portal

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FILE--Zhang Yiming, founder and CEO of tech company Bytedance, owner of Chinese personalized news aggregator Jinri Toutiao and short video platform Stock Photo - Alamy

ByteDance's Zhang Leaves Board After Saying He'll Step Down as CEO - Bloomberg

FILE--Zhang Yiming, founder and CEO of tech company Bytedance, owner of Chinese personalized news aggregator Jinri Toutiao and short video platform Stock Photo - Alamy

Zhang Yiming, BoF 500

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ByteDance CEO Zhang hands over baton to Liang

Zhang Yiming, founder and global CEO of ByteDance, attends the World News Photo - Getty Images

ByteDance's founder Zhang Yiming to focus on global expansion after firm's management restructure