Employees at Beijing-based ByteDance were presented through a shock revelation on Thursday when Zhang Jimming, the profounding owner of the world’s largest unicorn, announced that he was parting ways with the company’s role.
He resorted to taking such a step given the longer-term initiative, and it urged imminent disappointment within the Beijing-based conglomerate. The 38-year-old billionaire is the third person to make an overhauling impact on the company’s fortunes in China. He followed the footsteps of Alibaba Group Holding’s Jack Ma and Pinduoduo’s Colin Huang.“The truth is, I lack some of the skills that make an ideal manager,” he said in a memo posted to the company’s website. His vision to expand the AI-driven personalized content into short video apps works significantly immaculate. TikTok and ByteDance emergence was seen as Zhang’s prolific recognition in today’s modern times.
However, the recent declaration could derail the progress for some months as Zhang’s vision has overhauled the company as the global sensation of the entertainment media and social platforms. With TikTok being worldwide popular, it might not have such a huge impact on its craze among users.