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BEIJING: TikTok CEO<\/a> Shou Zi Chew<\/a> will step down as its parent ByteDance<\/a>'s chief financial officer (CFO) to focus on running the short video platform full time, according to an internal memo the company shared with Reuters.
The memo, which was sent by ByteDance<\/a> co-founder Liang Rubo to staff on Tuesday, also outlined a major reshuffle at the Beijing-based company to create six business units (BUs).
This is the biggest organizational change since ByteDance co-founder Zhang Yiming said in May he would step down as CEO. Zhang remains chairman and has more than 50% of voting rights. Liang will officially take over from Zhang as CEO in December.
Chew's shift comes after ByteDance said in April that it did not have any imminent plans for an IPO. It had been looking at a Hong Kong or New York listing, sources previously told Reuters.
One of the world's largest private companies, ByteDance had a valuation of about $300 billion in recent trades.
Chew joined ByteDance as CFO in March and was appointed as TikTok<\/a> CEO in May. Liang did not elaborate on replacement plans for the CFO role, but a person familiar with the matter said the company was not rushing to seek candidates to fill the position.
ByteDance will also be reorganised into six units - TikTok<\/a> and its Chinese version Douyin<\/a>, work collaboration unit Lark, business services unit BytePlus<\/a>, gaming unit Nuverse<\/a>, and education tech unit Dali Education, Liang said in the memo.
This will help ensure \"business lines and teams that work closely together are grouped as BUs\", he added.
The TikTok unit will support operations of the short video app and its expansion into areas such as global e-commerce.
ByteDance's Chinese products, including Douyin<\/a>, news aggregator Toutiao, video-streaming platform Xigua, will be folded into the Douyin unit, which will take over all \"information and service\" operations in the Chinese market.
The bulk of ByteDance revenue, totalling $34.3 billion in 2020, was generated in China, sources have said.
Liang also said that Dali, which has undergone layoffs and product closures after China issued rules barring curriculum-based tutoring for profit plunging, would provide services for education stakeholders such as artificial intelligence-powered learning, education for adults and smart hardware.
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- Telecom乐动扑克News
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ByteDance重组成6个单位,首席财务官关注TikTok下台
发送的备忘录,ByteDance梁联合创始人Rubo周二的工作人员,同时也概述了重大改组北京公司创建六个业务部门(公共汽车)。
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北京:TikTok首席执行官 寿子咀嚼将辞去其父母吗ByteDance的首席财务官(CFO)专注于视频平台运行完整的时间,根据公司内部备忘录与路透共享。
的备忘录发送的ByteDance梁联合创始人Rubo周二的工作人员,同时也概述了重大改组北京公司创建六个业务部门(公共汽车)。
这是最大的组织变革以来ByteDance创始人张翳明今年5月他将辞去首席执行官说。张仍然是董事长和超过50%的投票权。梁将正式接替张12月担任CEO。
咀嚼的转变之后ByteDance 4月份说,它没有任何即将到来的IPO的计划。看起来已经在香港和纽约上市,此前消息人士告诉路透。
世界上最大的私营公司之一,ByteDance最近交易的估值约3000亿美元。
咀嚼加入ByteDance在3月和被任命为首席财务官TikTok首席执行官。梁没有详细说明更换计划首席财务官的角色,但知情人士说,该公司并不急于寻找候选人来填补这个位置。
ByteDance——也将重组成6个单位TikTok和它的中文版Douyin、工作协作单位云雀,业务服务单位BytePlus、游戏单元Nuverse教育技术单位大理教育,梁在备忘录中说。
这将有助于确保业务和团队紧密合作分组巴士”,他补充道。
TikTok单位将支持短视频的操作程序和其扩张到全球电子商务等领域。
ByteDance的中国产品,包括Douyin新闻乐动扑克聚合器Toutiao Xigua视频直播平台,将并入Douyin单元,将接管所有“信息服务”在中国市场的业务。
ByteDance的大部分收入,2020年总计343亿美元,是产生在中国,消息人士说。
梁还表示,大理,经历了裁员和关闭产品在中国发行规则除非课程式辅导利润暴跌,将提供服务教育利益相关者如人工intelligence-powered学习,成人教育和智能硬件。
