Zhang Yiming, co-founder of ByteDance, is now China’s richest person with a net worth of $65.5 billion, according to Forbes. Despite stepping down as CEO in 2021, he still plays a key role in shaping the company’s AI strategy. Here’s a closer look at his journey and influence.
A Private and Analytical Leader
Zhang describes himself as introverted and not suited for management. In an internal memo before resigning, he admitted he prefers analyzing market trends over handling people. He enjoys solitary activities like reading and listening to music.
A Deep Focus on AI Innovation
At ByteDance, Zhang has driven the company’s AI advancements, aiming for Artificial General Intelligence (AGI). He actively recruits AI talent, even offering top engineers salaries exceeding $1.4 million per year.
The Birth of ByteDance
Zhang founded ByteDance in 2012 in a small Beijing apartment. As a software engineer, he saw potential in using big data and machine learning to personalize content for users, a vision that led to TikTok’s global success.
Inspiration from Changing Media Trends
His idea for ByteDance came in 2015 when he noticed fewer people reading newspapers on the subway. He realized smartphones would become the main source of information and that content needed to be tailored to individual preferences.
A Tech-Savvy Background
Zhang studied software engineering at Nankai University, where he earned extra money by fixing computers and building websites for classmates.
A Short Stint at Microsoft
After graduating, Zhang briefly worked at Microsoft but left within six months, finding the work unexciting. He later launched a real estate platform before founding ByteDance.
Global Ambitions and Challenges
In a 2017 interview, Zhang expressed hopes that ByteDance could become as influential as Google. However, he acknowledged the difficulties Chinese companies face when expanding globally due to cultural differences.
Zhang Yiming remains a key figure in the tech world, quietly shaping the future of AI while maintaining his low-profile lifestyle.
