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Euronews
Euronews
Greta Ruffino

TikTok parent company founder tops China's rich list amid AI boom

TikTok parent company ByteDance's founder Zhang Yiming has reclaimed his position as China's richest person, fuelled by the company's expansion into artificial intelligence.

Zhang topped the Hurun Report's rich list with a fortune of $100 billion (€89.4bn), up 43%, “almost all of it on the back of AI,” according to its chairman, Rupert Hoogewerf.

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