Zhang Yiming (Chinese: 张一鸣) is a Chinese technology entrepreneur. He founded ByteDance in 2012 and developed the news aggregator Toutiao and the video sharing platform TikTok (Douyin). As of 2019, with more than 1 billion monthly users, ByteDance is valued at US$75 billion, making it the most valuable startup in the world. Zhang's personal wealth is estimated at $13 billion, making him the 9th richest person in China.
Chinese companies are flocking to India, but their optimism needs to be tempered