Zhang Yiming

2025.06.20

08:14

ByteDance founder focuses on cutting-edge AI business, frequently traveling between Beijing and Singapore

ByteDance founder Zhang Yiming has returned to the front lines of the company, with his primary office location shifting from Singapore to Beijing, according to reports on Chinese social media today.

06:36

Sources deny Zhang Yiming's return to the front line: still based in Singapore

On June 20, a source told reporters that ByteDance founder Zhang Yiming often travels between Beijing and Singapore, and is particularly concerned about AI business. Since the second half of last year, he has participated in a review and discussion meeting of the seed core technology team every month. The above-mentioned person also said: "There is no such thing as 'returning to the front line'. At present, Zhang Yiming is still based in Singapore and pays great attention to technology. In Singapore, he mainly communicates with researchers and regularly returns to China to communicate with technical backbones. Zhang Yiming focuses on cutting-edge technologies for the future. His role is more like that of Google co-founder Sergey Brin after his return: focusing on the core AI research team and spending a lot of time dealing with researchers."

2025.04.26

19:40

Shenzhen Stock Exchange organizes 11 high-quality Shenzhen companies to go on roadshows in Hong Kong Foreign institutions: A-shares show significant relative advantages

On April 24, the Shenzhen Stock Exchange organized representatives from 11 high-quality listed companies in Shenzhen to visit Hong Kong for face-to-face exchanges with nearly 30 international investment institutions. These 11 companies come from the fields of intelligent manufacturing, new energy, high-end consumption, biomedicine, artificial intelligence, etc. Foreign institutions generally stated that since the beginning of this year, a number of phenomenal technological highlights have emerged in China's economy, and new momentum in different fields is accumulating and growing. High-quality A-share listed companies represent China's economic development potential and have become valuable investment targets against the backdrop of increasing global economic uncertainty. Foreign institutions have a relatively positive overall view of A-shares, believing that A-shares have demonstrated significant relative advantages and demonstrated resilience in a turbulent global environment. Zhang Yiming, managing director of CICC and executive head of global equity business, said at the meeting that foreign institutions are generally optimistic about the medium- and long-term development prospects of the Chinese market, especially A-shares and Hong Kong stocks.

2025.04.02

01:01

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

23:10

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

01:15

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

06:46

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

13:39

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

2024.12.19

12:16

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

06:01

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

                                    Li Yunze: We are vigorously promoting pilot projects such as equity investment in financial asset investment companies and merger and acquisition loans for technology companies
                            2025-06-18

                                    Wood Sister once again sells more than $44 million of Circle, the first stablecoin stock
                            2025-06-18

                                    Polish Airlines will announce an order for 40 Airbus A220s on Monday and retain options for 44, sources said.
                            2025-06-16

                                    Foreign media: Indian plane crash may be caused by co-pilot's operational error
                            2025-06-16

                                    Doubao PC version launches AI podcast function, supports one-click podcast generation
                            2025-06-17