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(April 14): Just last year, the world’s most valuable startup, ByteDance Ltd, was being squeezed from all sides. The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps. For all the obstacles, ByteDance kept growing. Now its founder, 38-year-old Zhang Yiming, is among the world’s richest people — a distinction that lately has carried increased risks in China. Shares of the company trade in the private market at a valua...

MONEYWEB LIVESTREAM TikTok founder’s $60bn fortune places him among the world’s richest people Just last year, the world’s most valuable startup, ByteDance, was being squeezed from all sides. By Zheping Huang, Bloomberg 14 Apr 2021  07:03  Zhang Yiming, chief executive officer and founder of Bytedance Ltd. Image: Gilles Sabrie/Bloomberg Just last year, the world’s most valuable startup, ByteDance, was being squeezed from all sides. The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was...