TikTok parent ByteDance appointed Perfect World's (SHE:002624) former chief operating officer, Zhang Yunfan, to lead its studios and technical departments, Yicai Global reported May 31, citing ByteDance.
Zhang worked for NetEase (HKG:9999) before joining Perfect World in 2015. In his new appointment, Zhang will report to ByteDance's head of human resources, Hua Wei, ByteDance told Yicai.
Perfect World's shares fell more than 2% in recent trade.
Price (HKD): $9.03, Change: $-0.21, Percent Change: -2.27%
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