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ByteDance Ltd.

Founders

Who Founded ByteDance?

Zhang Yiming, Liang Rubo · Founded 2012 · HQ today: Beijing, China

Who founded ByteDance?

ByteDance was founded by Zhang Yiming, Liang Rubo in 2012. It is now led by Liang Rubo.

Founders
Zhang Yiming, Liang Rubo
Founded
2012
Headquarters
Beijing, China
Number of founders
2
Current CEO
Liang Rubo (since 2021)
Where was ByteDance founded?
ByteDance was founded in Beijing, China in 2012.
When was ByteDance founded?
ByteDance was founded in 2012.
Who started ByteDance?
ByteDance was founded by Zhang Yiming and Liang Rubo.
How old is ByteDance?
ByteDance is 14 years old as of 2026.

Founding Story

Zhang Yiming and Liang Rubo had worked together on the property search site 99fang before starting ByteDance in March 2012. Zhang's bet was that smartphone users would rather have information recommended to them than search for it. The first products were the joke-sharing app Neihan Duanzi and, in August 2012, the news aggregator Toutiao, which used machine learning instead of human editors to rank articles. ByteDance later applied the same approach to short video with Douyin in September 2016 and TikTok in 2017.

Zhang Yiming

Co-founder 2012

Background

Zhang Yiming studied at Nankai University in Tianjin, starting in microelectronics before switching to software engineering and graduating in 2005. He was an early engineer at the travel search startup Kuxun, worked briefly at Microsoft and then at Fanfou, an early Chinese microblogging service. In 2009 he co-founded the property search site 99fang with Liang Rubo, working on the search and ranking problems that later shaped ByteDance's recommendation-first approach.

Role at ByteDance Ltd.

Zhang Yiming co-founded ByteDance in Beijing in March 2012 and served as its chief executive until November 2021. Before ByteDance he worked at Kuxun, Microsoft and Fanfou and co-founded the property search engine 99fang with Liang Rubo in 2009. His central idea was that smartphones would make recommendation more important than search, so ByteDance built a machine-learning ranking system first and products on top of it: Toutiao in August 2012, Douyin in September 2016 and TikTok about a year later. He pushed early for global expansion, including the November 2017 purchase of Musical.ly, which was merged into TikTok in 2018. In May 2021 he said he would step back from day-to-day management to focus on long-term strategy, and in November 2021 he left the board, while keeping majority voting control, according to Reuters. TikTok's growth made him one of the richest people in China, and 2024 rich-list rankings placed him first in the country.

Zhang Yiming was born in 1983 in Longyan.

Liang Rubo

Co-founder 2012

Background

Liang Rubo studied microelectronics at Nankai University, where he shared a dormitory room with Zhang Yiming. The two later worked together at 99fang, the property search site they co-founded in 2009. In early 2012 Liang joined Zhang and several 99fang colleagues in a rented Zhongguancun apartment to build ByteDance's first products, and inside the company he went on to lead human resources before becoming chief executive.

Role at ByteDance Ltd.

Liang Rubo, also written Rubo Liang, co-founded ByteDance with Zhang Yiming in March 2012 and became its chief executive in November 2021, completing a handover Zhang announced that May. He also replaced Zhang as chairman, and ByteDance's own board list names him chairman alongside Arthur Dantchik of Susquehanna International Group, William E. Ford of General Atlantic, Neil Shen of HongShan and Xavier Niel. Before becoming CEO, Liang led ByteDance's human resources function. His tenure has covered China's 2021 technology crackdown, a retreat from most gaming, the US divest-or-ban law and the January 2026 creation of TikTok USDS Joint Venture, in which ByteDance kept 19.9%. He has also overseen the March 2026 agreement to sell Moonton for about $6 billion and a large increase in AI investment, including the Seed 2.0 models released in February 2026 and a $29.6 billion bank loan signed in September 2026. Liang Rubo was born in 1983.

ByteDance Ltd.: CEO & Leadership History

Full timeline →

Liang Rubo

Co-Founder, CEO and Chairman

2021 – Present

Liang Rubo, Zhang Yiming's university roommate and 99fang co-founder, previously ran human resources at ByteDance. As CEO since November 2021 and chairman of the board, he has overseen the TikTok US joint venture closed in January 2026, the March 2026 agreement to sell Moonton for about $6 billion, and a sharp rise in AI investment funded partly by a $29.6 billion bank loan.

Zhang Yiming

Co-Founder and CEO

2012 – 2021

Zhang Yiming co-founded ByteDance in 2012 and was CEO until November 2021, overseeing the launches of Toutiao (2012), Douyin (2016) and TikTok (2017) and the Musical.ly acquisition. He announced in May 2021 that he would hand the CEO role to Liang Rubo and move into a strategy role, and he left the board that November while keeping more than 50% of voting rights, according to Reuters.

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Who Founded ByteDance? FAQ

Who founded ByteDance?

Zhang Yiming and Liang Rubo founded ByteDance in Beijing on March 13, 2012, together with a small team that included former colleagues from their property search site 99fang.

What did the founders do before ByteDance?

Zhang and Liang were roommates at Nankai University and co-founded 99fang in 2009. Zhang had earlier worked at Kuxun, Microsoft and the microblogging startup Fanfou.

What was ByteDance's first product?

ByteDance's early apps included the joke-sharing app Neihan Duanzi and the news aggregator Toutiao, launched in August 2012, which ranked articles with machine learning instead of human editors.

Does Zhang Yiming still control ByteDance?

Zhang left the board in November 2021 but keeps more than 50% of ByteDance's voting rights, according to Reuters.

Who were ByteDance's early investors?

Susquehanna International Group was an early backer, and its co-founder Arthur Dantchik sits on the board. HongShan (formerly Sequoia China), General Atlantic, SoftBank and KKR are also investors.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.