ByteDance has decided to transfer Song Binghua and Wu Zuomin, two executives from Douyin content product units, to its virtual reality subsidiary Pico Interactive, local media outlet LatePost reported on March 3. The move comes just two days after the TikTok-owner entered a partnership with chip giant Qualcomm to develop an extended reality ecosystem, the underlying technology that supports Metaverse services. ByteDance acquired Pico, the main basis for the Qualcomm partnership, for RMB 9 billion ($1.4 billion) in August last year. [LatePost, in Chinese]