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ByteDance executive who co-founded Musical.ly app, later absorbed by TikTok, quits tech unicorn amid corporate restructuring
- Louis Yang Luyu used to lead the team that made educational gadgets under ByteDance’s Dali business, where thousands have been laid off
- He joined ByteDance in November 2017, following the company’s acquisition of Musical.ly for US$1 billion
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ByteDance executive Louis Yang Luyu, co-founder of lip-synch video app Musical.ly that was absorbed by TikTok in 2018, has quit the world’s most valuable unicorn amid a sweeping corporate restructuring that has put an end to the company’s aggressive expansion plans.
Yang, who was involved in the TikTok owner’s move into the education business under its Dali unit, left the company last week, according to Chinese media LatePost on Thursday.
Yang’s account on Feishu, the corporate collaboration tool of ByteDance, has been “suspended”, which indicates the user was not working, according to three employees with knowledge of the matter who declined to be identified.
His LinkedIn account, however, did not show any change of status as a Shanghai-based entrepreneur with ByteDance as of Friday.
ByteDance, which is headquartered in Beijing, did not immediately respond to a request for comment.
Yang joined ByteDance in November 2017, following the firm’s US$1 billion acquisition of Musical.ly.
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