ByteDance founder Zhang Yiming quits company board, but remains powerful behind the scenes, sources say

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ByteDance founder Zhang Yiming quits company board, but remains powerful behind the scenes, sources say

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Zhang Yiming, the 38-year-old billionaire founder of TikTok owner ByteDance, has quit the board of the company, reigniting questions over how much control he will retain over the world’s most valuable unicorn.Zhang has surrendered his board seat of Caymans-registered ByteDance to new CEO Liang Rubo, his university roommate and long-time collaborator who is taking the reins from Zhang…
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