Bytedance CEO stands aside to do more ‘daydreaming’ about the future

Zhang Yiming will change role after saying he lacks the right skills to manage and prefers reading and daydreaming'

The Chinese boss of TikTok's parent company has said he is leaving the role because he lacks managerial skills and preferred reading and daydreaming" to running the tech giant.

Zhang Yiming, the co-founder of Bytedance - which created the popular short video TikTok app - said on Thursday that he will step down as chief executive and trainsition to a new role by the end of the year focusing on long-term strategy".