Zhang Yiming, founder of ByteDance (TikTok's parent company), is now the richest person in Asia with a fortune reaching Rp 1.857 trillion. His wealth is mainly driven by his stake in ByteDance, a company that has succeeded through the short-form video platform TikTok and expansion into artificial intelligence (AI). In recent years, Yiming's wealth has increased more than eightfold. ByteDance has developed AI products such as chatbot Doubao and video creation model Seedance, opening up new growth opportunities. Despite facing regulatory challenges and competition in the AI market, ByteDance continues to focus on AI development and strategic moves like transferring some TikTok operations in the US to help reduce business pressure.
