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Bulletins

ByteDance's finance chief steps down to run TikTok full time

The Chinese social giant is reorganizing.

TikTok logo

ByteDance will be reorganizing into six business units.

Image: TikTok

TikTok parent company ByteDance is reorganizing, and as part of the corporate shuffle Chief Finance Officer Shou Zi Chew is stepping down from his role to focus on running TikTok as its chief executive full time. Chew has been doing double duty since his appointment to CFO earlier this year.

As part of the announcement, ByteDance said it would be reorganizing into six business units. The company did not announce a replacement for Chew, though the finance department is now expected to report to ByteDance CEO Liang Rubo, who took over from company founder Zhang Yiming.

Note: Protocol is owned by Axel Springer, in which KKR has a large minority stake; KKR invests in ByteDance.

Nick Statt

Nick Statt is Protocol's video game reporter. Prior to joining Protocol, he was news editor at The Verge covering the gaming industry, mobile apps and antitrust out of San Francisco, in addition to managing coverage of Silicon Valley tech giants and startups. He now resides in Rochester, New York, home of the garbage plate and, completely coincidentally, the World Video Game Hall of Fame. He can be reached at nstatt@protocol.com.

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