Shou Zi Chew will step down as ByteDance CFO to focus on his role as TikTok CEO. It's part of a reorganization in which six business units have been created.
The move is part of a broader reorganization within ByteDance in which six business units have been created, the company's CEO Liang Rubo told employees in the memo.
The first business unit is Douyin, the Chinese version of TikTok, which will also include ByteDance's Toutiao news aggregation service. Other units include work collaboration division Lark, education business Dali and enterprise technology platform BytePlus. The Nuverse business will focus on ByteDance's gaming efforts, while the TikTok unit will focus on the short video app.ByteDance has looked to reorganize its business this year including upper management.
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