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TOPIC
 / people

Zhang Yiming

Zhang Yiming
The latest news on Chinese internet entrepreneur Zhang Yiming, chairman and founder of ByteDance and Douyin/TikTok, including Chinese business news and updates.
Born
Apr 1983
Industry
Business, Technology
Job Title
Founder of ByteDance
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Artificial intelligence

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ByteDance

Fund of ByteDance’s billionaire founder gets Hong Kong asset management licence

The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.

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ByteDance founder Zhang Yiming attends the opening ceremony of the 5th World Internet Conference in Wuzhen, in China’s eastern Zhejiang province, on November 7, 2018. Photo: AP
ByteDance

Chinese retailer Miniso slams ByteDance-owned Douyin for exorbitant fees

This marks the second high-profile bashing of Douyin over the past several days, involving some of the wealthiest individuals in China.

ByteDance

ByteDance earns praise from Chinese social media for denying TikTok sale

The privately held social media giant has rejected a report that said it was ‘exploring scenarios’ to sell a majority stake in TikTok’s US operations.

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TikTok

Can ByteDance have its TikTok cake and eat it too?

Caught between demands from Washington and Beijing, ByteDance has chosen the route of resistance in the US.

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TikTok

TikTok gets thumbs up in China for ‘tough stance’ against US lawmakers

Many Chinese netizens on Weibo and former Global Times editor Hu Xijin praised TikTok for urging American users to flood legislators with calls against a new bill.

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Fans sit under a TikTok ad at a baseball game at Yankee Stadium on April 14, 2023. Photo: AP
ByteDance

ByteDance values its shares higher in latest buy-back offer for staff

The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.

TikTok

China to block new US moves forcing ByteDance to divest TikTok, analysts say

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ByteDance

Exclusive | TikTok owner makes AI a priority, as Sora disrupts the future of video

ByteDance founder Zhang Yiming and other key voices at the company view AI as a battle that it cannot afford to lose, one source says.

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ByteDance

ByteDance founder asks village to remove stone tablet calling him an idol: reports

ByteDance founder reportedly asked village in Fujian province to remove the commemorative stone tablet amid online speculation.

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ByteDance

ByteDance CEO berates staff for reacting too slowly to ChatGPT

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ByteDance

ByteDance CEO wants to whip employees into shape amid fierce competition

Chief executive Liang Rubo said ByteDance has become slow and inefficient in the face of increased competition.

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Tencent

Tencent allows Douyin to air Honour of Kings videos as ByteDance exits gaming

The retreat by ByteDance from the mainstay of Tencent’s business is likely to bring the curtain down on a series of online spats and court battles between two internet giants.

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ByteDance

ByteDance confirms talks with Tencent, other buyers for video game operations

TikTok owner ByteDance has confirmed that it is in talks with multiple potential buyers for its video game operations, including Tencent Holdings, the world’s biggest gaming company by revenue.

TikTok

TikTok eyes US$17.5 billion shopping business on Amazon’s turf

ByteDance’s TikTok aims to grow the size of its US e-commerce business tenfold to as much as US$17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com.

ByteDance

TikTok owner ByteDance spent 2023 cutting the fat, but fresh challenges loom

ByteDance has scaled back its video game and virtual reality ambitions to focus on scaling e-commerce, which now faces challenges in Southeast Asia.

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ByteDance

ByteDance sales surpass Tencent’s to reach US$110 billion

Sales growth for the world’s most valuable start-up rose 30 per cent this year, sources told Bloomberg, matching the pace of 2022 and making ByteDance one of China’s largest companies.

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Exclusive | ByteDance offers investors US$5 billion share buy-back amid stalled IPO plans

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ByteDance

ByteDance retreat from video games shows even mighty can fall in risky market

Decision to pull back by China’s highest-valued unicorn underscores the lingering risks in the world’s biggest video gaming market, despite some shoots of recovery.

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ByteDance

TikTok sibling vets advertisers as China tightens control on short dramas

The rules effectively ban individuals and many smaller studios from advertising on ByteDance’s popular Chinese short-video app.

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ByteDance

Exclusive | ByteDance angers some former US employees with a lower buy-back offer: sources

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Chinese tech billionaires move up Hurun 2023 Rich List amid internet rebound

Chinese tech founders moved up in this year’s Hurun Rich List although macroeconomic headwinds in China kept overall wealth gains in check.

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