ByteDance's news aggregating app Toutiao announces new CEO

TikTok owner ByteDance on Saturday appointed Chen Lin as the CEO of its news aggregating app Toutiao. An early employee of ByteDance, Lin earlier headed product management for the news app. Toutiao, which means 'headlines' in Chinese, was founded in 2012 and uses artificial intelligence-based algorithms to personalise news content for users by aggregating content from third-party providers.