Internet giants have announced their resignation as CEO. Why?

Everyone knows when to start, but only the wise know when to stop.

Recently, Zhang Yiming, founder and CEO of ByteDance, announced in an internal letter that he would step down as CEO of the company.

In recent years, many Internet giants, such as LeByte Company, have chosen to take a step back after their success. There are some considerations behind this, as well as the balance of the company's development stage.

Zhang Yiming announces the resignation of CEO Liang Rubo to take over

On May 2th, Zhang Yiming, the founder of ByteDance, issued an internal staff letter announcing his resignation as CEO. Meanwhile, ByteDance co-founder Liang Rubo will become the new CEO.

According to public information, Liang Rubo was a college classmate of Nankai University in Zhang Yiming, and they have been long-term entrepreneurial partners since they founded the vertical real estate search engine "Jiujiufang" in 29.

in 212, Liang rubo and Zhang Yiming co-founded ByteDance. From then until 216, Liang Rubo has been the head of product research and development in ByteDance, responsible for many important products and businesses in the early days, including today's headlines, headline numbers, advertising systems and user growth systems. Since 22, Liang Rubo has been in charge of the Group's human resources and management, which has promoted the organizational construction and talent development in ByteDance.

Zhang Yiming explained why he chose to leave his post at this time: the external environment of the company is changing, and he will take a longer-term "retreat" and grasp the future development of the company.

In an internal open letter, Zhang Yiming said that since its establishment, ByteDance has been fortunate to seize the opportunity of the development of the times, innovate and practice in the mobile terminal and video field based on machine learning technology, and achieved some achievements. Although the company's business is developing well, it is hoped that the company will continue to make greater innovation breakthroughs and become more creative and meaningful.

therefore, Zhang Yiming decided to put down the daily management of the company and focus on long-term important issues such as long-term strategy, corporate culture and social responsibility, and planned to "focus on learning knowledge, think systematically, study new things, try and experience with hands, and create more possibilities for the company for ten years".

In Zhang Yiming's view, the external environment faced by technology companies is changing: the impacts of virtual reality, life science and scientific computing on human life have gradually emerged, and the impact of technology on society is also increasing. These factors determine that ByteDance "needs to break through the inertia of business to explore and continue to learn how enterprises can better assume social responsibilities".

according to the survey data, at present, the legal person in ByteDance is Zhang Lidong, and Zhang Yiming has become the actual controller of the company with a share of 98.81%. This change in the company's position does not affect the company's shareholding structure.

Take a step back, the sky is high and the sea is wide

Judging from Zhang Yiming's open letter, the handover work has already started. Zhang Yiming revealed that he and Liang Rubo will complete the transition of CEO responsibilities in ByteDance by the end of 221. Zhang Yiming said that Liang Rubo is the best person to improve the company's daily management and lead the company's healthy development.

"Ru Bo is the co-founder of the company, and ByteDance is the second company I founded with him. In ByteDance, he has successively undertaken the work of product R&D director, flying book and efficiency engineering director, and group human resources and management director. " Zhang Yiming said, "Since the company was founded, I have written half of the systems from purchasing and installing servers, and he has assisted me in many things, such as important recruitment, enterprise system and management system construction."

letting go of the position of CEO does not mean that Zhang Yiming will "seal the seal" from now on, but because in his view, it is more worthwhile to spend energy on judging the company's future planning. In fact, as the "King of Golden Sentences" in the early years, Zhang Yiming has always been obsessed with "long-term".

according to public information, Zhang Yiming mentioned the importance of thinking about the future frequently as early as the beginning of his business. He once said that "choice is more important than hard work, and ideas are more important than choice". He is also an out-and-out radical for the company's future planning. He once said, "We should keep thinking about how to make the future more exciting. If you give yourself a suggestion in the past five years, it is radical and radical. "

This year is full of variables for ByteDance. The external environment is constantly changing, and the intensive listing suddenly comes to an abrupt end. At the same time, within the company, with the gradual slowdown in the number of users of short video services, the company also urgently needs to make breakthroughs in new sectors such as education and games. Perhaps, as stated in the open letter, it is indeed time for ByteDance to take a step back and get back to the overall situation.

interestingly, according to public information, in April last year, Liu Qiangdong announced that he would step down as the legal representative of Beijing JD.COM Trading Co., Ltd., and since then, he has intensively stepped down from the relevant positions of more than 5 subsidiaries of JD.COM. On July 1st of the same year, while Pinduoduo announced the organizational upgrade, founder Huang Zheng also announced that he would step down as CEO of the company, and Chen Lei, the former CTO of the company, took over. At the same time, Wang Huiwen, one of the founders of Meituan, also officially stepped down. According to the survey, many companies under Meituan have changed industrial and commercial registration one after another, and Wang Huiwen no longer holds the positions of company law.

in recent years, many internet giants have chosen to take a step back when they are successful. The reasons for leaving the company vary widely, but it is closely related to the overall consideration of the company's development stage.

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