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Founder of TikTok owner ByteDance resigns as CEO

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Zhang Yiming, co-founder of TikTok owner ByteDance, is resigning as the company's CEO.

“I worry I am still relying too much on the ideas I had before starting the company, and haven’t challenged myself by updating those concepts," said Zhang, who will move to a different position at the company.

He'll be succeeded by fellow co-founder Liang Rubo, who currently runs ByteDance's human relations.

Read more from The Verge.

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