ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

(Reuters) -TikTok's parent company ByteDance is offering to buy back shares at a higher valuation than six months ago as it launches a new share repurchase program for U.S. employees this week ...

His goal is to achieve a 50-50 ownership arrangement between ByteDance and a U.S. company. No definitive deal has been reached yet for the sale of the platform, but we could find out very soon.