It now has a user base of over 300 million people—skewing young, female, and Chinese—and is valued at around $17 to $20 billion. In 2024, it was on track to double profits to more than $1 ...

BEIJING-Entrepreneur Zhou Chaonan has become one of just three Chinese women billionaires in the ranks of the world’s 500 richest people, propelled into the rarefied club by the rise of TikTok ...

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It now has a user base of over 300 million people—skewing young, female, and Chinese—and is valued at around $17 to $20 billion. In 2024, it was on track to double profits to more than $1 billion, and ...