Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks

Zhang Yiming, the founder of TikTok owner ByteDance, is China’s richest person, with personal wealth of $49.3 billion, an annual rich list showed Tuesday.

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - October 30

ByteDance founder Zhang Yiming tops China's rich list

ByteDance founder Zhang Yiming tops the list of China’s richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year

World - ABC News - October 29

ByteDance founder tops China's rich list for the first time, beating Tencent and Nongfu heads

ByteDance founder Zhang Yiming is now China's richest for the first time, according to Hurun Research Institute's China Rich List.

Business - CNBC - October 29

China’s kindergarten numbers shrink as policymakers struggle to arrest falling birthrate

Various measures designed to encourage people to have more children have had limited success. The number of kindergartens in China fell by more than 5% last year, the second year in a row that ...

World - The Guardian - October 28

TikTok founder becomes China's richest man

Zhang Yiming's fortune has leapt to almost $50bn, according to a newly published rich list.

China's second-richest man demands apology from ByteDance founder over online attacks

World - Yahoo News - 13 hours ago

Battle of the billionaires: the mega rich spending to swing the US election

A small number of big spenders are having an outsize effect on fundraising in the 2024 presidential vote

World - Financial Times - October 27

These 2 Female Climate Tech Founders Are Mining the Riches of the Ocean to Save the Planet

Lacey Reddix and Pilanda Watkins-Curry, the co-founders of Olokun Minerals, want to extract from the ocean the minerals key to the energy transition.

Business - Inc. - 6 days ago

China loses third of its billionaires as economy falters

ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortune

World - Financial Times - October 29

Top Law Firms Shrink From the Heat of the Mideast Conflict

When a Columbia professor needed a lawyer because of her comments about the actions of former Israeli soldiers on campus, tensions over the Israel-Hamas war got in the way.

Top stories - The New York Times - October 25

Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy

It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?

Business - The New York Times - October 30

Liberty Energy’s stock rises after Trump selects founder as U.S. energy secretary

Wright said he is “deeply honored” by his selection and plans to work to bring “affordable, reliable energy to the citizens of the United States and beyond.”

Business - MarketWatch - 3 days ago

China piles pressure on rich people and companies to cough up taxes

Authorities rush to find ways to fill government coffers depleted by property sector slump

Business - Financial Times - November 3

He Rose to Riches in Hong Kong. Now He's a Symbol of China's Crackdown.

Media baron Jimmy Lai, who protested for democracy, faces possible life sentence.

World - The Wall Street Journal - Yesterday

ByteDance Valuation Hits $300 Billion Amid Possible U.S. TikTok Ban

ByteDance, owner of TikTok, has placed its own value at this figure.

Business - Inc. - 5 days ago

TikTok stars Savannah and Cole LaBrant list Nashville home for $5.4 million

With 5 kids, the family has been in the public eye for more than a decade now, since Savannah started her popular fashion blog.

Business - MarketWatch - October 25

Meet the Top 269 Investment Firms for Founders

Here are the private equity firms, venture capital firms, and lenders that help founder-led companies grow.

Business - Inc. - October 29

China’s retail sales jump but property gloom persists

Policymakers have unveiled a range of stimulus measures to restore confidence in the economy

World - Financial Times - 6 days ago

Trump tops list of crypto election victories

The cryptocurrency world is celebrating a successful operation to oust its critics and usher in a new cohort of allies up and down the ballot just two years after several scandals roiled the ...

Politics - The Hill - November 6

Musk tops Fortune list of most powerful in business

Fortune on Tuesday named billionaire tech mogul Elon Musk as the most powerful person in business of 2024. Musk topped the outlet’s list of the 100 most powerful people in business, followed by ...

Politics - The Hill - November 12

West Midlands postcodes top uninsured drivers list

Parts of Birmingham, Wolverhampton, Walsall and Solihull feature in an annual hotspot list.

‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives

The Los Angeles Times and the Washington Post both declined to endorse a candidate – a sign of political media capture. When two American billionaires blocked the newspapers they own from endorsing ...

World - The Guardian - October 26

Beetlejuice's Bob tops the list of top trending Halloween costumes

Google's annual list of trending costume ideas is out. Leading the top 25 is Bob, the shrunken-headed ghost from the new Beetlejuice sequel, followed by viral breakdancer Raygun and Catnap, the ...

Canucks Jump Into NHL.com's Top 16 Power Rankings

The Vancouver Canucks have won three straight games and are ranked in the top 16 of NHL.com's Super 16.

Sports - Yahoo Sports - October 25

Primark owner profits jump despite summer washout

It said clothes sales in the UK and Ireland grew despite dampened demand for beach and swimwear.

Amazon was questioned by House China committee over 'dangerous and unwise' TikTok partnership

Amazon's partnership allows TikTok users to purchase products from the shopping site without leaving the Chinese-owned social media app.

Business - CNBC - November 14

China to offer Taliban tariff-free trade as it inches closer to isolated resource-rich regime

China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday.

China's Xi tells G20 Summit AI should not be a 'game of rich countries,' Xinhua reports

World - Yahoo News - 3 days ago

7-Eleven Owner Receives Buyout Proposal From Founder's Son

Seven & i Holdings said a special committee is reviewing the proposal made by Vice President Junro Ito and his affiliated firm.

Business - The Wall Street Journal - November 13

China Resources Beverage Shares Jump in Hong Kong Debut

China Resources Beverage shares surged on their Hong Kong debut, buoyed by positive market sentiment as trading activity in the city picks up.

Business - The Wall Street Journal - October 23

Lumen reveals latest numbers around AI deals, and stock leaps higher

Lumen’s CFO says an additional $3.5 billion in AI business “really allows us to go after the capital structure and actually reduce debt.”

Business - MarketWatch - November 6

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.

Business - CNBC - October 24

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to be the best in their categories, according to a consumer sentiment survey released Thursday.

Twice homeless millionaire tops UK black power list

The now multimillionaire began his career in a call centre after failing to become a professional footballer.

Transfer rumors, news: Isak is top of Arsenal's wish list

Newcastle United striker Alexander Isak continues to be linked with a move to Arsenal. Transfer Talk has the latest news, gossip and rumors.

Sports - ESPN - November 5

Banks and Tesla lead list of top-performing stocks following Trump’s victory

The S&P 500 financial sector rose 5% when trading opened on Wednesday.

Business - MarketWatch - November 6

CoD Continues To Dominate On Weekly Top-Played Games List

Market research firm Circana has released its list of weekly most-played games for the final week of October in the US, counting from October 27 to November 2. Unsurprisingly, Call of Duty still ...

Tech - GameSpot - November 12

Latest in Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks