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He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok). Zhang is one of the richest individuals in the world, with an estimated net worth of US$45.6 billion as of October 2024, according to Forbes and US$43.1 billion according to Bloomberg Billionaires Index.
ByteDance, which also owns news platform Toutiao and TikTok’s Chinese sister app Douyin, is estimated to have a valuation topping $225 billion, having brought in $110 billion in revenue last year.
ByteDance founder Zhang Yiming is China's richest person, with personal wealth of $49.3 billion, an annual rich list showed on Tuesday, although counterparts in real estate and renewables have ...
The share of U.S. adults who regularly get news from TikTok hit 14% in 2023. [234] By July 2023, TikTok has become the primary news source for British teenagers on social media, with 28% of 12 to 15-year-olds relying on the platform, while traditional sources like BBC One/Two are more trusted at 82%, according to a report by UK regulator Ofcom ...
Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin. The company is also the developer of the news platform Toutiao and the video-editing app CapCut. ByteDance has attracted regulatory and media attention in several countries over security, surveillance, and censorship ...
May.19 -- Zhang Yiming, founder of ByteDance Ltd., will step down from his role as chief executive officer. The owner of the popular short-video app TikTok says human resources chief Rubo Liang ...
Shou Zi Chew (Chinese: 周受资; born 1 January 1983) is a Singaporean business executive who has been the chief executive officer (CEO) of TikTok, an online video platform owned by Chinese company ByteDance, since 2021.
TikTok’s Founder Net Worth. Zhang Yiming founded TikTok in 2012. He has become an unqualified success in the business world. The 38-year-old former software engineer is now worth over $49.5 ...