ByteDans co-founder Zhang Yiming, who created popular apps like TicketLock, said he would resign as CEO and focus on ‘long-term strategy’.
Zhang Yiming, CEO of BiteDance, parent company of popular short video platform TickTock, has announced his resignation from his post. He has cited the reason behind this as a lack of managerial skills in him. He said that he is leaving his post because he lacks managerial skills and instead of running the company, he paid more attention to ‘reading and daydreaming’.
Let me tell you that Beijing has tightened the rules on China’s fast growing tech sector last month and has also worked to put a fine on it. It also includes the name of bite dance. These companies are accused of following monopoly rules and along with these, the Billionaire Bose of these companies have also been given warning about their responsibilities towards the society.
Byteans co-founder Zhang Yiming, who created popular apps such as TicketLock, said he would resign as CEO and take up a new job by the end of this year to focus on ‘long-term strategy’. Liang Rubo will work in his place there. Liang and Zhang Yiming set up this company.
In an open memo, Zhang said, “It is true that I lack some skills that an ideal manager should have.” I am interested in analyzing organizational and market principals rather than managing people. ” He said that he is not very contemporary, he prefers solitary activities like being online, being online, reading, listening to music and dreaming about what is possible.
Please tell that Zhang was also in pressure that he would not share Tiktok’s data with the Communist Party of China. Along with this, he was also engaged in trying to save his image. The news of Zhang’s resignation came when Beijing has shown strictness on some of China’s biggest technology companies.
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