News > ByteDance to reorganise, CFO quits to focus on TikTok

ByteDance to reorganise, CFO quits to focus on TikTok

02/11/2021 08:32 PM | Click to read full article

TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance's chief financial officer (CFO) to focus on running the short video business full time.

The move comes after ByteDance shelved its plan to go public in April and said it had no imminent plans for an initial public offering (IPO). It had previously planned for a Hong Kong or New York listing.