Technology
35-Year-Old Unknown Creates the World’s Most Valuable Startup
- Bytedance’s said to be valued at over $75 billion in new round
- SoftBank is said to plan an investment of about $1.5 billion
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When Zhang Yiming first shopped the idea of a news aggregation app powered by artificial intelligence six years ago, investors including Sequoia Capital were skeptical.
Back then, the question was how a 29-year-old locally trained software engineer could outsmart the numerous news portals operated by the likes of social media behemoth Tencent Holdings Ltd. and extract profit where even Google had failed.