Earlier this year, Zhang had announced that he would be leaving the CEO position, citing a desire to step away from daily management. Zhang, one of China’s most successful entrepreneurs, has exited the board of TikTok’s owner, and is succeeded by Rubo Liang, ByteDance’s current CEO. The change comes as ByteDance works to restructure its operations more broadly. Why do you think the Chinese big technology companies are doing leadership reshuffles ?
