will continue to run day-to-day operations at Douyin and report to ByteDance China Chairman Zhang Lidong, according to a report from Bloomberg News. Zhang added she is joining ByteDance's video ...

Zhang Yiming, the Chinese internet entrepreneur, is world-famous for building the monolith ByteDance. After dabbling in several business ventures, Zhang Yiming founded ByteDance and the video ...

ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...

ByteDance is devising plans to invest $7bn in cloud-based graphics processing units (GPUs) to circumvent US restrictions on exporting advanced chips to China, The Information reported citing sources.

A private investment fund created last year by billionaire Zhang Yiming – founder of TikTok’s Chinese parent company ByteDance – has received a licence from Hong Kong’s securities ...

The sources said ByteDance founder Zhang Yiming is personally negotiating with data center operators across Southeast Asia and the Middle East, trying to secure access to Nvidia’s next ...

Beijing-based ByteDance, founded by Chinese entrepreneur Zhang Yiming, invested an estimated 80 billion yuan (US$11 billion) on capital expenditure during the year - including AI - while Baidu ...

The effort, led by co-founder Zhang Yiming, would make ByteDance one of the world’s biggest consumers of such hardware, the authors note. Published first on TheFly – the ultimate source for ...

The Hurun Research Institute released the Hurun Rich List 2024 for China. Zhang Yiming, 41, of ByteDance, with a fortune of RMB350 billion, was listed as China's richest person... (HK stocks quote ...