The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person, the BBC reports.
According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) – 43 per cent more than in 2023.
The 41-year-old stepped down from his role in charge of the company in 2021 but is understood to own around 20 per cent of the firm.
TikTok has become one…
Read the full article here
