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Zhang Yiming, founder of TikTok owner ByteDance, told employees he will step down as CEO and be succeeded by human resources chief Liang Rubo, the company disclosed on Thursday.

South Africa’s political landscape is shifting almost by the hour. The gloves are off in a power struggle that pits President Jacob Zuma against a group of reformers, led by finance minister Pravin Gordhan. It is a high-stakes drama that has profound, long-term