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CEOWORLD magazine - Latest - Banking and Finance - Douyin Group CEO Zhang Nan Resigns

Banking and Finance

Douyin Group CEO Zhang Nan Resigns

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On February 7, Zhang Nan, CEO of Douyin Group, announced her resignation as Group CEO. She intends to shift her focus toward the development of Bytedance’s product CapCut in the future.

Liang Rubo, ByteDance’s CEO, expressed gratitude for Zhang Nan’s contributions and breakthroughs in leading China’s information platform business. He looks forward to her continued efforts in her new role. Reports indicate that Zhang Nan will maintain reporting responsibilities to Liang Rubo.

Zhang Nan, with a startup background, previously developed a photo community app. Her company was later acquired by ByteDance, and she officially joined in 2014. She played a pivotal role in Douyin’s inception and spearheaded its development from inception to success. In 2020, Zhang Nan assumed the position of Douyin’s first female CEO, overseeing Douyin, Volcano, market brands, and other ventures.

Zhang Nan has dedicated the majority of her efforts to CapCut-related endeavors. She personally led the team in exploring AI-assisted creation breakthroughs and is poised to launch a product that utilizes AI to generate images and videos.

With all businesses nearing maturity, following Zhang Nan’s resignation, the company has no immediate plans to appoint a new CEO. The group’s business will be overseen by Han Shangyou, head of Douyin, Zhang Chao, head of Tomato Novel and Toutiao, Wei Wenwen, head of Douyin E-commerce, Pu Yanzier, head of Douyin Life Services, and Zhao Xiuying, head of Douyin Advertising Business. Han Shangyou, as the president of Douyin, will coordinate all primary Douyin-related businesses.

 

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CEOWORLD magazine - Latest - Banking and Finance - Douyin Group CEO Zhang Nan Resigns
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz