TikTok founder becomes China's richest man

Tiktok global success has made ByteDance co-founder Zhang Yiming China's richest person, with a $49.3 billion fortune, despite his 2021 resignation.

ByteDance faces U.S. pressure to divest TikTok by January 2025.

Amid economic challenges, only 30% of China’s richest saw wealth gains, while tech remains dominant.

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