AI Mania Makes ByteDance Cofounder Zhang Yiming China's Richest Person

…That amount marks a more-than-40% jump from 2024, when certain private market investors were only willing to acquire ByteDance shares at a price that would suggest a $217 billion valuation. The company got a tailwind from the seemingly improving TikTok situation in the U.S., after President Donald Trump said he would “probably” extend the April 5 deadline for the popular short video platform to be sold or banned, Glen Anderson, cofounder and CEO of U.S.-based broker-dealer Rainmaker Securities, says by email….Read Full Article