ByteDance founder Zhang Yiming poses for a photograph at the company's headquarters in Beijing, Aug. 17, 2017. Photo: Bloomberg
ByteDance founder Zhang Yiming poses for a photograph at the company's headquarters in Beijing, Aug. 17, 2017. Photo: Bloomberg

Will ByteDance founder Zhang Yiming remain in charge after his surprise decision to step down as CEO?

  • Zhang, who is the face of ByteDance, is likely to continue wielding power behind the scenes through his 25 per cent ownership and influence over company executives
  • The founder’s resignation as CEO came shortly after ByteDance hit a speed bump in its plan to file for an initial public offering

ByteDance founder Zhang Yiming poses for a photograph at the company's headquarters in Beijing, Aug. 17, 2017. Photo: Bloomberg
ByteDance founder Zhang Yiming poses for a photograph at the company's headquarters in Beijing, Aug. 17, 2017. Photo: Bloomberg
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