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 ...

ByteDance founder Zhang Yiming has claimed the title of China’s wealthiest individual, with a personal fortune reaching $49.3 billion, according to the annual Hurun China Rich List released Tuesday.

HONG KONG (AP) — ByteDance founder Zhang Yiming tops the list of China's richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over ...

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 ...

Social-media giant ByteDance, China's most valuable unicorn, on Thursday unveiled its Seed Edge initiative, a long-term ...

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

While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are ...

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 ...

The high-profile names who could potentially buy TikTok following the Supreme Court's decision to uphold the law banning the ...

Beijing-based ByteDance, founded by Chinese entrepreneur Zhang Yiming, invested an estimated 80 billion yuan (US$11 billion) on capital expenditure during the year - including AI - while Baidu ...

ByteDance employees and the company’s founder, Zhang Yiming, also each have a 20% stake. The technology company has not ...