zhang yiming:- TikTalk’s huge popularity has not only created a new generation of social media stars, but also social media billionaires. According to Forbes, 35-year-old software engineer Zhang founded the application’s parent company and now has a net worth of $ 16.2 billion. Although he is the 13th richest man in China in the Bloomberg Billionaires Index, he is very secretive and knows nothing about his life.

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According to the Bloomberg Billionaires Index, Mr. zhang yiming was born in 1983 in that beautiful place Fujian Province, China. Bloomberg reported that zhang yiming parents were civil servants. According to the South China Morning Post, its name is based on the Chinese proverb Let everyone try first.

According to the South China Morning Post, zhang yiming graduated from Nankai University in 2005, where he began studying microelectronics and later turned to professional software engineering. According to the South China Morning Post, the couple has no children.

I was one of the first employees. Initially, I was the chief engineer, but in the second year, I was responsible for 40 to 50 people engaged in back-end technology and other product-related work. zhang yiming attributed the work to the sales skills he taught, which he later used to develop a dance bait. Zhang By the end of 2007, I remember meeting with the sales manager. This experience tells me what good sales are. When I hired tiktalk and staff, these examples helped me a lot. The South China Morning Post reported that zhang yiming also worked at Microsoft before founding Bite Dance.

According to information from Pitchbook, the company is now worth $ 75 billion, making it the most valuable private company in the world. Business Insider As previously reported, the company operates multiple social media applications in China. In 2019, the company launched a video messaging app called Duoshan, a competitor to WeChat Flipkart.

Business Insider Paige Leskin previously reported that zhang yiming wanted to build an AI-powered news platform separate from China’s search engine Baidu. zhang yiming told Bloomberg in 2017 that we send information through news recommendations rather than questions. Despite the attention paid to this news, zhang yiming spoke with Bloomberg’s Lulu Yilun Chen and Mark Bergen, who, like many other social networks on ByteDance, had no reporters on staff in 2017.

zhang yiming told Bloomberg that the most important thing is that we are not in magazines. We are like a search company or social media platform. We are doing a very creative job. We are all Americans in production and technology. The company is not an imitator.

According to Business Insider’s September report, TikTalk is now the first non-gaming iOS app in the United States. TickTalk is one of the most popular social networks among American teenagers and has been downloaded more than a billion times. According to a previous report by “Business Insider”, the name Tic Tac Toe is still “down” in China.

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For a long time, I’ve been watching TikTok videos without making them myself, because it’s mainly a product aimed at young people, “Ng told the South China Morning Post. But then we forced all members of the management team to own a certain number of” likes “. Otherwise, the push -Ups should be done. This is an important step for zhang yiming.

According to zhang yiming of Time magazine, Unger’s leadership style is delicate, attractive, logical, but passionate, young, and smart.

According to a report in the South China Morning Post, zhang yiming hopes his bait jumping will be as smooth as Google’s, and the application will be developed overseas. zhang yiming said We have to work harder and we have to have more perfection. Just as there was an international division of labor in the industrial age, there was also an international division of labor in the information age. He said Chinese entrepreneurs also need to hone their skills when it comes to China.

According to reports, TikTalk agreed to pay a $ 5.7 million fine to the Federal Trade Commission in February because the company was suspected of collecting personal information from children under the age of 13 without parental consent, violating the Child Online Privacy Protection Act.

According to the South China Morning Post, zhang yiming said in an interview with Bydance employees that in his first job at Cookson, he learned the value of learning skills. At the time, I was responsible for technology, but when there were problems with production, I was actively involved in the product planning discussion, ng told the South China Morning Post.

A lot of people say this is not what I want to do. But I want to say your responsibility and desire to do good motivates you to do more and gain experience.

According to Forbes, most of zhang yiming wealth comes from his 24% stake in Bite Dance. According to Forbes, Fokker is valued at US $ 4 billion. He first declared Angong a billionaire in March 2018. The magazine currently estimates his net worth at $ 16.2 billion.

According to a previous report in The Post, the company is valued at $ 400 billion for new investors and plans to list in Hong Kong or New York. The company said it was not yet ready to conduct an IPO at that stage at the end of last month and, without any explanation, had no upcoming IPO plans.

ByteDance’s Viral TickTalk Short Form Mobile Video Application and its exclusive version for China Down, Content Discovery Platform Genre TikTalk, Social Media Service Hello, Work Tools Business Lark, and BytePlus Platform Service Company, Extensive Business Portfolio. Byte Dance’s 2020 revenue reached US $ 37 billion, four times the technology of its smaller competitor Cui Shaw.

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It shows that the business is becoming more mature and diverse. ByteDance 2019, headquartered in the Cayman Islands, borrowed $ 1.3 billion from HSBC, Goldman Sachs, Bank of America, and other banks. He recently hired Choo Shou Gini from a smartphone manufacturer.

Xiaomi serves as Chief Financial Officer. However, the company continues to deal with headwinds overseas and domestically. As the Biden administration suspends legal action, the mandatory evacuation of the U.S. TikTalk attack operation launched during the Trump administration has not yet been determined, but China is still reviewing the application issue.

The United States has tried to do this, but the problem has not been resolved. At home, technology giants are already facing tough antitrust regulations because Beijing claims to be one of the hubs of government this year.

Alibaba Group Holdings, Tencent Holdings, Baidu, and Didi Chuxing were fined for unannounced mergers and acquisitions. Bite Dance products can be used in over 150 markets and will have over 100,000 employees by 2020.