ByteDance founder tops China's rich list for the first time, beating Tencent and Nongfu heads [MSNBC.com]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: MSNBC.com
ByteDance founder Zhang Yiming for the first time hasemerged as China's richest person,Zhang, 44, with a personal wealth of $49.3 billion, beat 'bottled water king' Zhong, whose wealth dropped 24% to $47.9 billion aftera public backlash against his company in Februaryranked fifth last yearByteDance is known for its popular app, TikTok, which has overa billion active monthly usersPony Ma Huateng, CEO of Chinese internet giant Tencent, dropped one spot to third place, even as his wealth rose 13% to $44.4 billion amid a jump in Tencent's revenue and profit.Colin Huang, founder of e-commerce platform Pinduoduo, was ranked fourth as his wealth declined by 9%. Midea founder He Xiangjian and CATL's CEO Zeng Yuqun took fifth and sixth places on the list.China has 1,094 individuals with wealth exceeding 5 billion yuan ($700 million), down by 12% or 147 individuals from the previous year, according to Hurun Research. The combined wealth of these entrepreneurs amounted to $3 trillion, 10% lower
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PDD
Earnings
- 11/21/24 - Beat
PDD
Sec Filings
- 11/21/24 - Form 6-K
- 10/22/24 - Form SC
- 10/21/24 - Form SC
- PDD's page on the SEC website