Chinas richest man: You must have heard many stories about the billionaires of China and also the news that the billionaires of China are leaving the country at an unimaginable rate. However here is a story about a man who is the richest man of China. According to a rich list produced by the Hurun Research Institute Zhang Yiming is the richest man of China having a net worth of $49.3bn (£38bn). For those unversed Zhang Yiming is the Former CEO of ByteDance which owns TikTok. The global surge in TikToks popularity has propelled the co-founder of its parent company ByteDance to become Chinas richest person. Even after stepping down from his leadership role in 2021 he is thought to retain about a fifth of the companys ownership. Zhang started ByteDance in 2012 in a four-bedroom Beijing apartment which later gave birth to TikTok. “Zhang Yiming is the 18th new Number One we have had in China in just 26 years said head of Hurun Rupert Hoogewerf. Good news for TikTok President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while saying he had received billions of views on the social media platform during his presidential campaign. Trumps comments before a crowd of conservative supporters in Phoenix Arizona were one of the strongest signals yet that he opposes a potential exit of TikTok from the U.S. market. The US Senate passed a law in April requiring TikToks Chinese parent company ByteDance to divest the app citing national security concerns. It was amazing so we got the highest vote ever for a Republican candidate we won by 36 points with young people. That never happens. A Republican loses by 36 or 40 so Im going to have to start thinking about TikTok. I think were going to have to start thinking because you know we did go on TikTok and we had a great response. We had billions of views billions and billions of views. They brought me a chart and it was a record and it was so beautiful to see and as I looked at it I said Maybe we gotta keep this sucker around for a little while Donald Trump was quoted saying in a report by Reuters. TikToks owners have sought to have the law struck down and the U.S. Supreme Court has agreed to hear the case. But if the court does not rule in ByteDances favor and no divestment occurs the app could be effectively banned in the United States on Jan. 19 one day before Trump takes office. It is unclear how Trump would go about undoing the TikTok divestiture order which passed overwhelmingly in the Senate. (With inputs from agencies)