- Zhang Yiming, co-founder of ByteDance, will step down as CEO and transition to a new role, the company said on Thursday.
- Another co-founder, Liang Rubo, who is currently head of human resources, will take over as CEO of ByteDance globally.
- The move comes after a tumultuous nine months for ByteDance after it was dubbed a national security threat by former President Donald Trump's administration last August.