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TikTok’s parent company Bytedance CEO Zhang Yiming on May 20 announced to step down from the role citing his lack of managerial skills to run the firm. Reportedly, Liang Rubo, co-founder of the company would be the next CEO after Zhang. Billionaire Zhang said that he is ‘preferring solitary activities like being online, reading, listening to music, and daydreaming’ rather than being an ideal manager.