Caixin
Nov 11, 2018 03:31 PM
BUSINESS & TECH

In Depth: Upstart ByteDance Takes On China’s Internet Goliaths

Visitors view the Bytedance stand at the 22nd China International Software Expo on June 30. Photo: VCG
Visitors view the Bytedance stand at the 22nd China International Software Expo on June 30. Photo: VCG

Tech entrepreneur Zhang Yiming kept a low profile last week at the annual World Internet Conference in China’s Zhejiang province, avoiding media events and networking dinners.

One would almost never know that he is the 35-year-old billionaire founder of China’s fastest-growing internet company and the world’s most valuable startup, ByteDance Ltd. Zhang ranks No. 25 on the Forbes China Rich list with a $6.8 billion fortune.

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