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Bytedance Founder Zhang Yiming to Step Down as CEO

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Bytedance CEO Zhang Yiming



Photo:

Gilles Sabrie/Bloomberg News

Bytedance Ltd.’s founder

Zhang Yiming

said he plans to step down as chief executive of video-sharing platform TikTok’s parent company. Mr. Zhang shared his plan in a letter to employees on Thursday, posted online by the company.

(More to come.)

Write to Liza Lin at Liza.Lin@wsj.com

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