00:00Tech top billionaire Zhang Yiming has become Asia's richest person for the first time,
00:05toppling India's Gautam Adani from the top spot.
00:08The 43-year-old is now worth more than $105 billion,
00:13an eightfold increase in his wealth from the $13 billion recorded in 2019.
00:18This marks a comeback for parent company Bydance.
00:22Earlier, Zhang had to ride out geopolitical drama with the US.
00:25A regulatory talk-of-war with the US nearly shut down the social media app in the country.
00:31But that may now be behind him.
00:34Zhang was already China's richest thanks to tech top ubiquity and his foray into AI.
00:39But his latest essence highlights the new fortunes created by the AI boom.
00:44Fortunes linked to AI are surging about the billionaires of traditional industries as well,
00:49like Adani or retail tycoon Mukesh Ambani.
00:52The AI wave has already minted new billionaires in China.
00:56That growing wealth comes alongside the country's broader push for the tax development,
01:01especially as it raises with the US for global influence over technology.
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