Zhang Yiming

2025.04.02

09:01

TikTok: The online rumor that "ByteDance founder Zhang Yiming has obtained Singaporean citizenship" is untrue

According to the Douyin blackboard, Douyin officially announced on April 2 that the online rumor that "ByteDance founder Zhang Yiming has become a Singaporean citizen" is false information.

2025.03.27

07:10

Zhang Yiming becomes China's richest man

Both the Bloomberg Billionaires Index and the Forbes Rich List show that ByteDance founder Zhang Yiming topped the Chinese rich list and became China's richest man. Forbes estimates that Zhang Yiming's net worth is US$65.5 billion, ranking 23rd on the global rich list, while Ma Huateng and Zhong Shanshan are ranked 27th and 28th on the rich list with a net worth of US$53.5 billion and US$53.1 billion respectively. The Bloomberg Billionaires Index estimates that Zhang Yiming's net worth is US$57.5 billion, ranking 24th on the global rich list, while Ma Huateng and Zhong Shanshan are ranked 25th and 26th respectively.

2025.01.23

09:15

ByteDance launches Seed Edge to increase investment in AGI research

In the second half of 2024, there were rumors in the market that ByteDance was planning to build a "Big Model Research Institute". Subsequently, ByteDance responded: "There is a long-term plan to strengthen research related to big models, but it has not decided to establish an independent organization." We learned that recently, ByteDance's AGI research team finally surfaced: In late January, ByteDance officially established a research project code-named "Seed Edge". The core goal is to do AGI frontier research that is longer-term and more basic than pre-training and big model iteration. Seed Edge has formulated five major research directions. AI is the technology and business direction that ByteDance currently values most. People close to ByteDance told us that ByteDance founder Zhang Yiming attaches great importance to and emphasizes strengthening investment in AI research. He will read papers and key technical details himself, chat and communicate with first-class AI researchers, and encourage ByteDance AI research teams to explore and study basic topics. It is understood that ByteDance has been planning to establish a research organization for a long time. But after forming a feasible plan, it took only one week for internal communication and solicitation of opinions. People close to ByteDance said that in the face of AI changes: "ByteDance is the most daring of large Chinese companies to adjust, and it moves very quickly."

2025.01.21

14:46

ByteDance founder reportedly met with Musk last year

Zhang Yiming, the founder of TikTok's parent company ByteDance, met with Elon Musk, a U.S. billionaire and close confidant of President Donald Trump, according to the Wall Street Journal.

2025.01.20

21:39

According to the Wall Street Journal: ByteDance founder Zhang Yiming met with Tesla CEO Musk in 2024.

2024.12.19

20:16

Zhang Yiming enters private equity, insiders say his focus shifts to big models and AI

According to The Paper, an informed source said that although he has stepped down as CEO, Zhang Yiming has shifted his focus to the strategy and research of large models and AI (artificial intelligence). It is understood that Zhang Yiming is not only personally responsible for recruiting Chinese AI talents from competing companies, but also repeatedly emphasized the goal of pursuing "general artificial intelligence" internally. ByteDance insiders said that Zhang Yiming is extremely focused on achieving general artificial intelligence (AGI).

2024.12.18

14:01

ByteDance founder ventures into private equity industry

ByteDance's billionaire founder and former CEO Zhang Yiming has entered the private equity industry, with his Hong Kong-based investment fund picking up a license to operate.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Nvidia (NVDA.O): Blackwell chips have begun production at TSMC's chip factory in Phoenix, Arizona.
                            2025-04-14

                                    Li Lecheng, Secretary of the Party Leadership Group of the Ministry of Industry and Information Technology, meets with Sultan, Minister of Industry and Advanced Technology of the United Arab Emirates
                            2025-04-18

                                    BOE A: Net profit is expected to increase by 63% to 68% year-on-year in the first quarter of 2025
                            2025-04-15

                                    Faraday Future (FFIE.O) announced that it firmly opposes reverse stock splits and is committed to maintaining its listing status on Nasdaq. CEO Mark will meet with White House decision makers.
                            2025-04-17

                                    Nvidia unwavering in serving China market, says Jensen Huang
                            2025-04-17