The TikTok logo is displayed on a smartphone with owner ByteDance’s name in the background. Investors are keen on ByteDance’s AI potential.
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ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential. Zhang’s fortune has grown to $65.5 billion, ahead of beverage giant Nongfu Spring founder Zhong Shanshan’s $56.5 billion, according to Forbes estimates.
Zhang, 41, derives his net worth from a 21%…
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https://www.forbes.com/sites/ywang/2025/03/09/ai-mania-makes-bytedance-cofounder-zhang-yiming-chinas-richest-person/
