ByteDance founder among China moguls in Singapore


ByteDance Ltd founder Zhang Yiming.

SHANGHAI: Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd founder Zhang Yiming is living in Singapore while keeping Chinese citizenship.

Zhang joins a raft of corporate chieftains who’ve relocated to the island state after years of regulatory tightening and Covid restrictions hammered China’s once free-wheeling tech sector.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asia stocks rise to six-week high; precious metals on a tear
Ringgit rises to 4.04 as investor confidence strengthens; economist foresees return to 3.82
Gold, silver jump to record highs on geopolitics, weak dollar
Japan's cabinet approves record US$785bil budget, vows to keep debt in check
PHB appoints Mazuki Abdullah as group managing director
Profit-taking hits FBM KLCI on thin Boxing Day trade
Ringgit extends rally, reaches another five-year high
Trading ideas: NuEnergy, Nexgram, PLB Engineering, Sapura Industrial, Borneo Oil
PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil

Others Also Read