Anna Wintour, the global chief content officer for Condé Nast, the parent company of Vogue magazine, said the search for Zhang's successor is already in progress, as reported by the Business of Fashion.
Taking to her Instagram on Monday, Zhang said that she was transitioning to the next phase of her career.
Before stepping down, Zhang had served as the chief editor of Vogue China for three years.
Her journey to prominence began as a teenage fashion blogger in Sydney, Australia, according to the Guardian.
Zhang had garnered a following of over 1 million on Instagram and was working in New York as a creative director and brand consultant in her early 20s.
She was 27 when she was appointed Vogue China’s chief editor, which marked her as the youngest ever appointee for the role and the first influencer to hold such a prestigious position, as reported by fashion industry trade journal WWD.
She was also among the select few who retained the title of editor-in-chief, as the title is now referred to as editorial director.
However, despite Zhang's efforts, her work over the past three years has been met with mixed reviews from industry peers and online audiences.
This was especially apparent when compared to the high standards set by her predecessor, Angelica Cheung.
On social media, people have also questioned her business skills, seeing as several Vogue China covers were unsponsored during her tenure.
This is an extremely uncommon occurrence in China's heavily commercialized fashion magazine landscape.