Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks

Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks

SHANGHAI — ByteDance founder Zhang Yiming is China’s richest person, with personal wealth of $49.3 billion, an annual rich list showed Tuesday, although counterparts in real estate and renewables have fared less well. Zhang, 41, who stepped down in 2021 as chief executive of ByteDance, the Beijing-based parent company of TikTok, becomes the 18th individual to be…

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Kingdom announces more investments in Pakistan

Kingdom announces more investments in Pakistan

Saudi Investment Minister Khalid bin Abdulaziz Al Falih and Advisor at Saudi Royal Court Mohammad Bin Mazyad Al-Tuwaijri meeting Prime Minister Shehbaz Sharif on sidelines of 8th edition of the Future Investment Initiative (FII) in Riyadh, October 30, 2024. — PID RIYADH: Saudi Arabia on Wednesday announced signing of additional memorandums of understanding (MoUs) with…

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