Billionaire

Zhang Yiming

Rank: 25

Net Worth: $50 B

Source: TikTok

Industry: Media & Entertainment

Country: China

Age: 38

Total Mentions In The News: 50

Articles With Mentions: 49

#	PUBLICATION	MENTIONS
1	Bloomberg Quint	41
2	The Wall Street Journal	4
3	CNBC	2
4	Business Insider	2
5	Benzinga	1

"Rival social media giant ByteDance's founder Zhang Yiming stepped down as CEO in May to focus on longer-term initiatives, while JD.com Inc. in September named a new president, saying that Chairman Richard Liu will concentrate on long-term strategies. "
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Bloomberg Quint, Nov 1, 2021, 1:19 am

"The initial bet was made at the start of 2012, when ByteDance's first breakout hit -- Toutiao -- was just a concept that founder Zhang Yiming had drawn up on napkins, according to a 2016 blog post by Joan Wang, who led that investment for Susquehanna's Chinese venture-capital unit. "
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Bloomberg Quint, Oct 21, 2021, 6:44 am

"In May, the month after the Chinese regulator took its stake, founder Zhang Yiming relinquished day-to-day control of his company to its closest lieutenant, a decision regarded as an attempt to distance himself from the growing turbulence at home and abroad."
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Bloomberg Quint, Aug 17, 2021, 7:03 am

"ByteDance founder Zhang Yiming decided it would be best to postpone the planned IPO indefinitely in late March after meetings with cyberspace and securities regulators who told the company to address data security and other issues, according to the Journal."
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CNBC, Jul 12, 2021, 12:32 pm

"Founder Zhang Yiming decided to shelve plans for a potential IPO in late March after meetings with cyberspace and securities regulators, where the company was asked to focus on addressing data-security risks and other issues, the news agency reported, citing people familiar with the matter. "
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Bloomberg Quint, Jul 12, 2021, 8:29 am

"SINGAPORE-ByteDance Ltd., the owner of popular short-video app TikTok, said Thursday founder and global chief executive officer Zhang Yiming would step down from his role to focus on long-term strategy, and appointed co-founder Liang Rubo to take his place."
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The Wall Street Journal, May 20, 2021, 3:32 am

"A year later, after folding it into TikTok, ByteDance Chief Executive Officer Zhang Yiming imbued the platform with advanced artificial intelligence technology and a roughly billion-dollar marketing budget to draw in hundreds of millions of users. "
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Bloomberg Quint, Apr 22, 2021, 4:01 am

"Through personal conversations with ByteDance CEO Zhang Yiming and Trump, Ellison persuaded TikTok to agree to a shotgun wedding under threat of being banned from the U.S. A preliminary deal announced in September and blessed by Trump named Oracle as TikTok's technology partner. "
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Bloomberg Quint, Apr 12, 2021, 10:00 am

"The Beijing-based company's value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options for an initial public offering, said the people, asking not to be named because the transactions are private. "
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Bloomberg Quint, Mar 30, 2021, 12:40 am

"The companies' billionaire founders -- Zhang Yiming at ByteDance and Tencent's Pony Ma -- have previously traded barbs and, as recently as this month, ByteDance senior executives publicly accused the larger company of blocking its offerings including Douyin and work app Feishu on WeChat."
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Bloomberg Quint, Jan 20, 2021, 5:36 am

"ByteDance's billionaire founder Zhang Yiming is still fighting to hold onto some control over TikTok, an app he built into a genuine challenger to Google and Facebook Inc. Under the proposed deal with the Trump administration, TikTok would be spun out of ByteDance, set up a global headquarters in the U.S. and sell a 20% stake to Oracle and Walmart."
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Bloomberg Quint, Nov 5, 2020, 10:23 am

"It's unclear if ByteDance founder Zhang Yiming will relinquish that much ownership over the app he built into a challenger to Google and Facebook Inc. But Beijing's stance gives him that option -- so long as he maintains a tight grip over the service's core technology."
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Bloomberg Quint, Sep 18, 2020, 2:11 am

"ByteDance, the world's most richly valued startup, is plowing ahead with plans to take its social media services deeper into Asia after setbacks in India and the U.K. as well as the U.S. The internet phenomenon controlled by billionaire Zhang Yiming has long eyed Southeast Asia's 650 million increasingly smartphone-savvy population, a region where Alibaba Group Holding Ltd. "
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Bloomberg Quint, Sep 11, 2020, 2:21 am