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ByteDance Ltd. reportedly confirmed that Zhang Nan, the chief executive officer of the Douyin Group, has resigned. The Chinese internet technology company shared the news on Wednesday, Feb. 7.
According to Reuters, Zhang personally verified the reports of his departure from Douyin by posting a message on his WeChat social media account. Douyin is the sister app of TikTok and is often called the Chinese edition of TikTok, a globally popular short-form video hosting service owned by ByteDance.
Moving to a New Team
Now, while Nan is leaving his CEO role at Douyin, she will remain under the ByteDance organization. She has given up her chief executive post to focus on the video editing platform that ByteDance also owns.
In her social media post, Nan explained she is set to join the Jianying team, the video editing app version designed for the Douyin short-form video hosting service. In TikTok, Jianying is called CapCut, which is the international version. Nan said she would help develop the platform further to fit the era of artificial intelligence (AI).
Zhang's Extensive Work at ByteDance
Zhang did not say what her new position at Jianying will be, but certainly, she will be a high-ranking senior executive. She has been with ByteDance for a decade and is credited for helping Douyin become one of China's biggest apps and leading platforms. Bloomberg reported she was appointed CEO of Douyin in 2020, and she was one of the few women who was given a high leadership role among the tech companies in the country.
"I am excited to work together with the team members at CapCut to create our own dreams and to grow in this AI era to draw a fantasy world together," Zhang wrote in her post. "I will continue to use this entrepreneurial mindset to work hard for the next 10 years at the things I am passionate about."
Photo by: Claudio Schwarz/Unsplash
