Zhang Yiming is 38, a billionaire, and stepping down as CEO of ByteDance, in part because he lacks "some of the skills that make an ideal manager." He cofounded TikTok's parent firm in 2014 and ...

The Chinese unicorn’s Seed Edge programme reflects its aggressive investment strategy, as other major tech firms push their ...

Zhang Yiming, founder of tech giant ByteDance, which owns the TikTok social media platform, is China's richest person with personal wealth of US$49.3 billion. Zhang, 41, who stepped down as chief ...

Zhang Yiming, the founder of TikTok owner ByteDance, has topped the list of China's richest people, according to the Hurun Research Institute, although many of those on the list have seen their ...

The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...

Cool River Venture HK Limited, a subsidiary of Zhang Yiming, the co-founder of ByteDance, was granted Type 9 asset management license by the Securities and Futures Commission of Hong Kong (SFC ...

TikTok may soon be banned in the US over national security concerns. A ban would be a blow to the company's bottom line: Used by more than 150 million users in the US, TikTok is expected to ...

According to the Financial Times, ByteDance is planning to invest over $12 billion in artificial intelligence infrastructure ...

TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching the combined spending of rivals Baidu, Alibaba ...

At only 41, Zhang Yiming has already founded the world’s most valuable startup, and recent headlines peg him as China's richest man. ByteDance has radically influenced culture around the world ...

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ...