ByteDance founder Zhang Yiming reclaims top spot in China’s rich list, thanks to his firm's AI push
BEIJING — ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence.
TL;DR
- ByteDance founder Zhang Yiming is once again China's richest person.
- His company's focus on artificial intelligence has driven this change.
- The Hurun Research Institute's rankings show a rise in China's high-tech sectors.
- Other sectors, including consumer goods and real estate, are experiencing pressure.