Bytedance Founder Zhang Yiming

ByteDance founder Zhang Yiming is China's richest person, with personal wealth of $49.3 billion, an annual rich list showed on Tuesday, although counterparts in real estate and renewables have fared less well.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after saying in May he would step down as CEO, a person with direct knowledge of the matter said, in the latest shake up at the tech giant.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

 Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed on Thursday.

ByteDance founder Zhang Yiming is among the world’s richest people — a distinction that lately has carried increased risks in China. Learn more about him.

Just last year, the world's most valuable startup, ByteDance Ltd., was being squeezed from all sides.

China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated.

ByteDance founder Zhang Yiming told employees on Tuesday there were misunderstandings on Chinese social media about TikTok's situation in the United States and that the company could face more difficulties as anti-Chinese sentiment rose abroad.

ByteDance founder Zhang Yiming told employees in an internal letter on Tuesday that the United States goal was not to force a sale of TikTok US operations but rather to ban the app, and that some people had misconceptions about the situation.

China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working.

ByteDance founder Zhang Yiming is China's richest person, with personal wealth of $49.3 billion, an annual rich list showed on Tuesday, although counterparts in real estate and renewables have fared less well.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after saying in May he would step down as CEO, a person with direct knowledge of the matter said, in the latest shake up at the tech giant.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

 Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by human resource chief Liang Rubo, the company disclosed on Thursday.

ByteDance founder Zhang Yiming is among the world’s richest people — a distinction that lately has carried increased risks in China. Learn more about him.

Just last year, the world's most valuable startup, ByteDance Ltd., was being squeezed from all sides.

China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated.

ByteDance founder Zhang Yiming told employees on Tuesday there were misunderstandings on Chinese social media about TikTok's situation in the United States and that the company could face more difficulties as anti-Chinese sentiment rose abroad.

ByteDance founder Zhang Yiming told employees in an internal letter on Tuesday that the United States goal was not to force a sale of TikTok US operations but rather to ban the app, and that some people had misconceptions about the situation.

China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working.