Douyin CEO Kelly Zhang steps down, a source says ByteDance will not seek to appoint a successor and Zhang will shift her focus to the video-editing app CapCut (Bloomberg)

Bloomberg:

Douyin CEO Kelly Zhang steps down, a source says ByteDance will not seek to appoint a successor and Zhang will shift her focus to the video-editing app CapCut  —  – Zhang will shift her focus to video-editing app CapCut  — She headed up ByteDance’s domestic operations in China