Zhang Yiming |Inspiring venture of Chinese multi-billionaire

We are seeing the growth of technology down the line in social media. It has grown much through various applications and inventors. Among those apps, one that made a globe-straddling internet giant is Tiktok. Zhang Yiming built advanced applications with AI-based and succeeded in areas like Google and Facebook. Zhang always loved innovation which made him an impressive leader with a successful career developed with the schema of life’s fun and facts.

The early life of Zhang Yiming

Zhang Yiming was born on April 1, 1983, in Longyang Fujian, China. He graduated from Nankai University in 2005, where he started off studying microelectronics before switching his major to software engineering. Soon after graduating, Zhang secured a job at a startup that helped him pick up valuable skills that would build the foundations of his own company. He joined a company called Kuxun with speedy growth, and his mastery of learning techniques helped him transform from a young entrepreneur into one of the decade’s rising leaders.
Enthusiasm to build an empire, he started his first entrepreneurship in 2009 with a property search site called 99fang.com. Into that, he quit his job after years and focused on other domains. Parallel started research in collecting relevant information on user experience in a smartphone. He learned that people struggle to find relevant information in mobile apps. Moreover, he was stuck or caught with undisclosed advertising with search results.

Career growth of Zhang Yiming

With a lot of research in 2012, he founded ByteDance, a Beijing-based business that provides news aggregation services. Consequently, a push for artificial intelligence, the company started in a four-bedroom Beijing apartment where the team lived and worked in the early days. He expanded his innovation world over a vision of a small place, a significant dream. Eventually, the Toutiao news app was launched and attracted more than 13 million daily users within two years. For seven years in Beijing, served as CEO and board of directors for the ByteDance company.
Zhang’s management style with ByteDance was modeled and launched in its video-sharing app TikTok in September 2015. Millennials’ involvement in social media gave a big hit to products and became popular worldwide in the following years. Later, he bought Musical.ly and further for US$800 million and integrated them into TikTok.

TikTok success

Markedly developed and launched within 200 days, initially named a Douyin. A year later, it had 100 million users, with more than one billion videos viewed daily. In 2017, global declaration it joined international markets – majorly Asia and the U.S. Further, ByteDance spent $1 billion to purchase Musical.ly, a startup based in Shanghai, to leverage the digital platform to create a more extensive video pool for the younger generation’s entertainment source. Henceforth it has a high investment record, with 100 million dollars in 2014.

Awards and recognitions

In 2013, Forbes named Zhang on China 30 under 30 lists. Further, Fortune Magazine listed under 40 in 2018. And one among the 100 Most Influential People of 2019 by Time magazine. The same year listed number ten on Forbes’ Richest people in China for 2019 and 70th on the Billionaires of 2019 list.

Inspiration

Zhang Yiming always focused on a realistic and practical approach to the business. He has shown the world that constant hard work and efforts will pay off with a high price of success. And he set an example to youths that entrepreneurs must also improve their capabilities as they go global.