Douyin – pressnews

[ad_1] Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to a new Chinese ranking published Thursday.The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40, with wealth valued at $37 billion, according to statistics published by the Chinese firm Hurun. Ahead of him is Mark Zuckerberg, boss of US tech giant Meta -- the owner of Facebook and Instagram -- whose fortune was estimated by Hurun at $68 billion. According to the ranking, Zuckerberg also lost money last year to the tune of $8 billion.Zhang co-founded ByteDance in Beijing in 2012, but resigned from the group in 2021 in the midst of regulatory tightening on China's tech industry.A Chine...

[ad_1] In the dead of night on a bridge in southern China, around two dozen livestreamers sat crooning and chatting into microphones, their identical ring lights spaced a few metres apart in glowing rows. The broadcasters gather in spots like this in the city of Guilin most nights in hope of standing out to users scrolling through reams of livestreams on Douyin, China's version of TikTok, where viewers can donate to their favourite streamers. "There are too many indoor livestreamers," said 27-year-old Qiao Ya, who sings and talks about daily life to anyone who happens across her channel from 9:00 pm to 3:00 am every night. "Since I'm relatively average and don't have any skills, I stream outside to use the views to attract online 'passers-by'." ...

Tag: Douyin

Founder of TikTok parent company lost $17 billion in 2022

Chinese livestreamers flock outdoors for late-night tips