Shou Zi Chew (Chinese: 周受资; pinyin: Zhōu Shòuzī; born 1983) is a Singaporean businessman and entrepreneur who has served as chief executive officer (CEO) of TikTok since 2021.
Most of the founders' 20% stake belongs to Zhang, while co-founder Liang Rubo has about 1%, according to a person familiar with the matter. That would give Liang a $2.1 billion net worth.
TikTok Chief Executive Officer Shou Zi Chew said the company wants to “invest proportionately” to the opportunity Southeast Asia presents. TikTok has over 8,000 people in the region and close to 2,000 staff in Indonesia, he said during an event held in Jakarta on Thursday.
Zhang Yiming, the 40-year-old founder of TikTok owner ByteDance, has donated another 200 million yuan (US$28.9 million) to an education fund he created two years ago, a municipal education authority said in a statement on Thursday, offering a rare glimpse of the Chinese entrepreneur's activity after disappearing from ...
Who is Shou Zi Chew's wife? Shou became the CEO of TikTok when the founder of its parent company stepped down in 2021. He is originally from Singapore, and he met his wife Vivian Kao in 2008 when they were both attending Harvard Business School. Vivian is Taiwanese American, and currently works in the financial sector.
Fact: TikTok's parent company ByteDance Ltd. was founded by Chinese entrepreneurs, but today, roughly sixty percent of the company is beneficially owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group.
TikTok has rapidly increased its revenue generation in the past few years. In 2022, it generated $9.4 billion annual revenue.
TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don't sell the company. But the wildly popular platform, developed with homegrown Chinese technology, isn't accessible in China.
Zhang has a net worth of US$42.3 billion, according to the latest Bloomberg Billionaires Index.
The story of TikTok began in 2016, when Chinese company ByteDance launched an app called A.me that allowed users to create and share short videos.
The total net worth of TikTok is $75 Billion.
TikTok has over 1 billion monthly active users as of September 2021. TikTok is the 4th largest social media platform in the world by monthly active users. It's double the size of Snapchat and quickly catching up to Instagram.
Like YouTube, TikTok offers paid advertisements for brands to promote their products and services. Brands can use TikTok For Business to enhance their marketing solutions through features such as in-feed videos, brand takeovers, hashtag challenges and branded effects.
TikTok generates money when brands buy these ads to reach their worldwide audiences. With 2-D and 3-D Augmented reality branded lenses, Tiktok is making the platform more participatory and fun. In combination with the hashtag challenge, these lenses have the potential to make the campaign more engaging.
2014 – Musical.ly was introduced mainly as a platform to share lip-syncing. 2018 – ByteDance acquired Musical.ly in August and renamed it TikTok. It became more than just a platform for lip-syncing, with dance challenges becoming the latest trend.
Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $234.5 billion.
“ByteDance is not owned or controlled by the Chinese government. It is a private company,” TikTok CEO Shou Zi Chew said during the March 23 hearing of the House Energy and Commerce Committee.
In Japan, the use of TikTok and other social networking services (SNSs) are prohibited on government devices that handle confidential information. Nakayama said further restrictions should be considered only after looking into their data-handling and other operations.
These bans have generally been justified with national security concerns, due to TikTok's ownership by the Chinese company ByteDance. As of April 2023, the app has been banned for use by federal employees and banned for use by state employees in 34 (out of 50) states.
Social media app TikTok has been banned on government electronic devices, the Cabinet Office has announced today. The ban comes after Cabinet Office Ministers ordered a security review.
How much money is 500k views on TikTok? TikTok pays approximately $15 for 500,000 views.
As for the TikTok Creator Fund, you can earn between 2 and 4 cents for every 1,000 views. This means you might expect $20 to $40 after reaching a million views.
How much money does 1 million TikTok followers make? TikTok creators with 1 million followers or more can expect to make an average of $1,500 per post for branded content. One creator, Jenn Leach, reported earning $88 for 1.6 million views, which works out to 6 cents per 1,000 views.