TikTok owner ByteDance has announced its first major restructuring since its founder stepped back in May.
In an internal memo sent to staff on Tuesday, acting chief executive Liang Rubo, who will officially take over from founder Zhang Yiming in December, announced that the internet company would split into six business units, including content creation, education and gaming.
Michael Norris, senior research analyst at Shanghai-based consultancy AgencyChina, said “restructuring has been a major theme for ByteDance amid a tough year for the company”.
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