Founder of TikTok owner ByteDance jumps to top of China’s list of richest people

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Founder of TikTok owner ByteDance jumps to top of China’s list of richest people
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Zhang Yiming, who stepped down as chief executive of ByteDance in 2021, becomes the 18th individual to be crowned China's richest person in the 26 years since the Hurun China Rich List was first published

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Zhang, 41, who stepped down as chief executive of ByteDance in 2021, becomes the 18th individual to be crowned China’s richest person in the 26 years since the Hurun China Rich List was first published. Third on the list was Tencent’s low-profile founder, Pony Ma, while Colin Huang, founder of PDD Holdings, slipped to fourth place from third last year, even as his firm’s discount-focused e-commerce platforms, Pinduoduo and Temu, continue to show healthy revenue growth.

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