Zhang’s ascendency comes after ByteDance’s global revenue grew 30% last year to $110 billion, Hurun said. Since its official launch in May 2017, TikTok has been catapulted to mass global popularity as well as becoming an era-defining social media platform beloved by many young people around the world – and a trailblazing example for other Chinese companies eager to break into US and global markets.
fredag 8. november 2024
TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk
China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people.
Zhang’s ascendency comes after ByteDance’s global revenue grew 30% last year to $110 billion, Hurun said. Since its official launch in May 2017, TikTok has been catapulted to mass global popularity as well as becoming an era-defining social media platform beloved by many young people around the world – and a trailblazing example for other Chinese companies eager to break into US and global markets.
Zhang’s ascendency comes after ByteDance’s global revenue grew 30% last year to $110 billion, Hurun said. Since its official launch in May 2017, TikTok has been catapulted to mass global popularity as well as becoming an era-defining social media platform beloved by many young people around the world – and a trailblazing example for other Chinese companies eager to break into US and global markets.
