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ByteDance CEO Zhang Yiming to step down later this year

ByteDance is best known as the owner and operator of social media platform TikTok, but has recently been making inroads into the video game industry with a number of acquisitions.

Chris Kerr, News Editor

May 20, 2021

1 Min Read

ByteDance founder Zhang Yiming will be stepping down as CEO later this year. ByteDance is best known as the owner of social media platform TikTok, but has also been making inroads into the video game industry with a number of acquisitions. 

The company recently purchased Shanghai-based developer Moonton Technoilogy and Red Alert Online creator C4games. It also invested $6 million into Czech mobile studio Madfinger Games through its Nuverse gaming division. 

Although he'll be stepping down as CEO, Zhang Yiming will remain at the company in a new role that focuses on "long-term strategy, corporate culture, and social responsibility." The outgoing chief exec will make the switch at the end of 2021, and will be replaced by ByteDance co-founder and HR boss Liang Rubo.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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