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What will be Zhang Yiming's next major investment move by the end of 2024?
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ByteDance•Zhang Yiming•China•Hurun China Rich List•TikTok•United States•Zhang•Zhong Shanshan•Nongfu Spring•Tencent•Ma Huateng•Jack Ma
Resolution / Starting Odds
Invests in new tech startups • 25%
Invests in real estate • 25%
Invests in renewable energy • 25%
No major investments • 25%
Credible news reports or official announcements
Story
ByteDance Founder and TikTok Owner Zhang Yiming Tops China's Rich List at $49.1 Billion
Oct 29, 2024, 07:29 AM
ByteDance founder Zhang Yiming has become China's richest person, according to the Hurun China Rich List 2024, with a personal wealth of approximately CNY350 billion (USD49.1 billion). ByteDance, known globally as the parent company of TikTok, has seen its global revenue jump despite TikTok's legal challenges in the United States. Zhang, who stepped down as CEO in 2021, surpassed Zhong Shanshan of Nongfu Spring, who had held the top spot for three consecutive years. Tencent's CEO Ma Huateng ranked third, while Jack Ma and his family remained on the list. The rise of Zhang and other tech entrepreneurs reflects the growing dominance of the technology sector in China, even as industries like real estate and renewables face challenges.
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Blockchain/cryptocurrency • 25%
Real estate • 25%
Technology startup • 25%
Other • 25%
Yes • 50%
No • 50%
Further Bitcoin acquisition • 25%
Investment in blockchain technology • 25%
Diversification into other cryptocurrencies • 25%
Other major investment • 25%
AI Development • 25%
User Safety • 25%
Content Moderation • 25%
Other Initiatives • 25%
Acquisition of a tech company • 25%
Expansion into new international markets • 25%
Partnership with another major retailer • 25%
Focusing on sustainability initiatives • 25%
Acquisition • 25%
Merger • 25%
Funding round • 25%
No major move • 25%
E-commerce expansion • 25%
Cloud computing • 25%
AI and technology • 25%
Logistics and supply chain • 25%
AI model enhancement • 25%
New AI product launch • 25%
AI partnership with another company • 25%
No major AI project announced • 25%
TikTok Shop • 25%
Advertising • 25%
New Product Launches • 25%
Other • 25%