TOPIC

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Zhang Yiming

The latest news on Chinese internet entrepreneur Zhang Yiming, chairman and founder of ByteDance and Douyin/TikTok, including Chinese business news and updates.

Born

Apr 1983

Industry

Business, Technology

Job Title

Founder of ByteDance

last updated:

7 October, 2024

ByteDance

Fund of ByteDance’s billionaire founder gets Hong Kong asset management licence

The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.

18 Dec 2024 - 8:00PMvideocam

ByteDance

Chinese retailer Miniso slams ByteDance-owned Douyin for exorbitant fees

29 Nov 2024 - 4:13PM

ByteDance

ByteDance earns praise from Chinese social media for denying TikTok sale

26 Apr 2024 - 9:00PM

TikTok

Can ByteDance have its TikTok cake and eat it too?

Caught between demands from Washington and Beijing, ByteDance has chosen the route of resistance in the US.

16 Mar 2024 - 10:49AMvideocam

TikTok

TikTok gets thumbs up in China for ‘tough stance’ against US lawmakers

Many Chinese netizens on Weibo and former Global Times editor Hu Xijin praised TikTok for urging American users to flood legislators with calls against a new bill.

11 Mar 2024 - 8:30PMvideocam

ByteDance

ByteDance values its shares higher in latest buy-back offer for staff

The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.

7 Mar 2024 - 6:30PM

TikTok

China to block new US moves forcing ByteDance to divest TikTok, analysts say

American lawmakers’ latest effort is not expected to make progress just like previous attempts amid Beijing’s strong opposition and China’s tech export restrictions.

6 Mar 2024 - 9:53PMvideocam

ByteDance

Exclusive | TikTok owner makes AI a priority, as Sora disrupts the future of video

ByteDance founder Zhang Yiming and other key voices at the company view AI as a battle that it cannot afford to lose, one source says.

1 Mar 2024 - 1:07AMvideocam

ByteDance

ByteDance founder asks village to remove stone tablet calling him an idol: reports

ByteDance founder reportedly asked village in Fujian province to remove the commemorative stone tablet amid online speculation.

16 Feb 2024 - 9:00PM

ByteDance

ByteDance CEO berates staff for reacting too slowly to ChatGPT

At a staff meeting, Liang said internal discussions of the OpenAI chatbot, which launched in November 2022, only emerged in 2023.

1 Feb 2024 - 2:19AM

ByteDance

ByteDance CEO wants to whip employees into shape amid fierce competition

Chief executive Liang Rubo said ByteDance has become slow and inefficient in the face of increased competition.

31 Jan 2024 - 2:57PM

ByteDance operations saw at least three rounds of lay-offs last year. Photo: Reuters

Tencent

Tencent allows Douyin to air Honour of Kings videos as ByteDance exits gaming

The retreat by ByteDance from the mainstay of Tencent’s business is likely to bring the curtain down on a series of online spats and court battles between two internet giants.

15 Jan 2024 - 9:00PM

ByteDance

ByteDance confirms talks with Tencent, other buyers for video game operations

TikTok owner ByteDance has confirmed that it is in talks with multiple potential buyers for its video game operations, including Tencent Holdings, the world’s biggest gaming company by revenue.

9 Jan 2024 - 5:18PM

TikTok

TikTok eyes US$17.5 billion shopping business on Amazon’s turf

ByteDance’s TikTok aims to grow the size of its US e-commerce business tenfold to as much as US$17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com.

4 Jan 2024 - 1:45PM

ByteDance

TikTok owner ByteDance spent 2023 cutting the fat, but fresh challenges loom

ByteDance has scaled back its video game and virtual reality ambitions to focus on scaling e-commerce, which now faces challenges in Southeast Asia.

27 Dec 2023 - 7:00AM

ByteDance

ByteDance sales surpass Tencent’s to reach US$110 billion

Sales growth for the world’s most valuable start-up rose 30 per cent this year, sources told Bloomberg, matching the pace of 2022 and making ByteDance one of China’s largest companies.

20 Dec 2023 - 8:00PMvideocam

ByteDance

Exclusive | ByteDance offers investors US$5 billion share buy-back amid stalled IPO plans

ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors as its initial public offering plan remains up in air, according to sources briefed on the matter.

6 Dec 2023 - 3:27PM

Xiaomi

Xiaomi founder’s new fund is the largest donation ever to a Chinese university

Lei Jun donated US$183 million to Wuhan University, a leading Chinese research institution, on its 130th anniversary on Wednesday.

29 Nov 2023 - 7:00PMvideocam

Chinese smartphone manufacturer says it’s pouring 10 billion dollars into a new car unit headed by 51-year-old Xiaomi founder and CEO Lei Jun. (archive photo)

ByteDance

ByteDance retreat from video games shows even mighty can fall in risky market

Decision to pull back by China’s highest-valued unicorn underscores the lingering risks in the world’s biggest video gaming market, despite some shoots of recovery.

28 Nov 2023 - 8:33PM

ByteDance

TikTok sibling vets advertisers as China tightens control on short dramas

The rules effectively ban individuals and many smaller studios from advertising on ByteDance’s popular Chinese short-video app.

21 Nov 2023 - 9:00PMvideocam

ByteDance

Exclusive | ByteDance angers some former US employees with a lower buy-back offer: sources

ByteDance, China’s most valuable unicorn and the owner of TikTok, is offering US$160 per share to current employees and anyone laid off, and US$128 to those who quit their job, according to sources.

8 Nov 2023 - 7:30PM

China's tech billionaires

Chinese tech billionaires move up Hurun 2023 Rich List amid internet rebound

Chinese tech founders moved up in this year’s Hurun Rich List although macroeconomic headwinds in China kept overall wealth gains in check.

25 Oct 2023 - 7:30PM

Chinese tech billionaires move up Hurun 2023 Rich List amid internet rebound. Photo: AFP

TikTok

TikTok to success: will live-streamed Asian marketplace threaten Amazon?

TikTok Shop is a fast-growing feature within China’s short-video app, with a burgeoning fan base in Southeast Asia, Indonesia the successful launch pad and Chinese entrepreneurs part of the action.

6 Jul 2023 - 5:47AMvideocam

Internet

China’s net watchdog pledges fast lane for businesses to report online slander

Better online conditions for businesses ‘an urgent need’ to ensure industrial and economic security, CAC statement says, warns of ‘harsh’ crackdown on offending social media accounts.

2 Jun 2023 - 7:12PMvideocam

ByteDance

TikTok parent’s founder sets up investment fund in Hong Kong

Zhang Yiming’s Cool River Venture, incorporated on Monday, will invest mostly in technology-related industries, according to sources.

24 May 2023 - 6:00PMvideocam

Zhang Yiming, founder and former CEO of ByteDance, poses for a photo in Beijing in 2019. Photo: Bloomberg

Millionaires and billionaires

10 most powerful billionaires in Asia – net worths, ranked

From India’s energy magnates Gautam Adani and Mukesh Ambani to China’s Zhong Shanshan and Pony Ma Huateng, which billionaires in Asia are giving back big?

22 May 2023 - 10:30AM

ByteDance

TikTok owner ByteDance divests bricks-and-mortar real estate business

ByteDance’s decision to sell its real estate business underscores the tech unicorn’s continued reorganisation efforts.

8 May 2023 - 6:37PM

ByteDance

Low-profile founder of TikTok owner ByteDance emerges to make new donation

The entrepreneur is adding nearly US$29 million to a charitable education fund in his hometown, his first bout of publicity since 2021.

4 May 2023 - 9:00PMvideocam

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