TikTok: ByteDance’s rising success propels Zhang Yiming to China's wealthiest ranking

ByteDance co-founder Zhang Yiming has recently ascended to the top of China's wealth rankings, largely thanks to the massive global popularity of TikTok. According to the Hurun Research Institute, Zhang's net worth now stands at $49.3 billion, reflecting a 43% increase since 2023. Although Zhang ste