Douyin Group CEO Kelly Zhang resigns to focus on ByteDance's video editing app, CapCut, as the parent company restructures.

Zhang Nan, the CEO of Douyin Group, has resigned from her position to focus on new roles within parent company ByteDance, the owners of TikTok and Douyin. Zhang, who has been with ByteDance since 2014, will be working on the video-editing app CapCut. ByteDance has not announced a successor for Zhang, and the company is currently addressing organizational issues and the need to keep up with the AI race.

February 07, 2024
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