PDP POSTPONES NEC MEETING AS NORTH CENTRAL INSISTS ON CHAIR. (PHOTO).

-
Image
 PDP postpones NEC meeting as N’Central insists on chair The North Central caucus of the Peoples Democratic Party has expressed opposition to the indefinite postponement of its 99th National Executive Committee meeting, which was initially set for November 28. In a statement on Thursday, the Peoples Democratic Party, through its National Secretary, Senator Samuel Anyanwu, explained that the 99th National Executive Committee meeting was postponed due to the funeral of Patience Umo Eno, the late First Lady of Akwa Ibom State and wife of Governor Umo Eno. It was previously reported by The PUNCH on Tuesday that the PDP acting National Chairman, Umar Damagum, with the support of former Rivers State governor, Nyesom Wike, had made arrangements to stay in his position. Since taking over as acting National Chairman after Senator Iyorchia Ayu’s removal by the court, Damagum has faced mounting criticism from party leaders amid the ongoing crisis within the PDP, with more voices calling for his r
Post a Comment

FOUNDER OF TIKTOK, ZHANG YIMING, BECOMES THE RICHEST MAN IN CHINA. (PHOTO).

-


 Founder of TikTok, Zhang Yiming, becomes the richest man in China.


TikTok founder Zhang Yiming becomes China’s richest person at age 41 with a wealth of $49.3 billion according to Hurun Inc.

His fortune has surged significantly, reflecting a remarkable rise in the billionaire landscape of China.

Zhang, who stepped down as CEO of ByteDance in 2021, retains approximately 20% ownership of the company.

Since its launch in May 2017, TikTok has gained immense global popularity, contributing to ByteDance’s success. 

ByteDance reported a 30% increase in global revenue last year, reaching $110 billion.

Chinese tech entrepreneur Zhang Yiming has catapulted to the top of the country’s rich list, leaving other billionaires in his wake.

According to the latest Hurun China Rich List, the 41-year-old co-founder of ByteDance, the parent company of viral sensation TikTok, has become China’s wealthiest individual.

Zhang’s wealth has been assessed at a staggering $49.3 billion by research firm Hurun Inc., publishers of the annual ranking of China’s wealthiest individuals. This meteoric rise comes on the heels of ByteDance’s impressive financial performance, with global revenue growing by 30% last year to reach a whopping $110 billion.


Since its launch in May 2017, TikTok has exploded onto the global scene, becoming an era-defining social media platform adored by millions of young people worldwide. Zhang’s vision and leadership played a crucial role in transforming ByteDance into one of China’s tech giants.

Interestingly, Zhang Yiming owns just 20% of ByteDance, which he co-founded with college roommate Liang Rubo in Beijing in 2012. He stepped down as CEO in 2021 after building the company into a household name in Chinese technology circles.

ByteDance’s influence extends beyond TikTok, also owning popular news app Toutiao and Douyin, TikTok’s sister app in China. These subsidiaries have contributed significantly to Zhang’s rapid ascent up the rich list rankings.

This new development marks a significant shift in China’s billionaire landscape. Zhang’s ascension to the top spot knocks Zhong Shanshan, known as China’s “bottled water king,” out of the lead position he had held for three consecutive years. However, Zhong remains firmly in second place.

Zhang Yiming’s remarkable journey from tech entrepreneur to China’s richest person serves as a testament to his innovative spirit and business acumen. As TikTok continues to dominate global social media trends, Zhang’s influence extends far beyond China’s borders, shaping the digital landscape for generations to come.

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma Automobil
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the unions
Read more