CEO of TikTok-Owner ByteDance To Step Down

The co-founder of ByteDance -- TikTok's parent company -- announced on Wednesday that he is officially stepping down as CEO.In a statement published on the company's website, Zhang Yiming claimed that the role change would allow him "to have greater impact on longer-term initiatives."Liang Rubio, Yiming's "invaluable partner" and co-founder who currently leads the company's human resources department, will take over the position globally, while Yiming will transition into a key analyst role by t...