ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

An investor has an offer for TikTok and says if successful, it will create a Silicon Valley in Wyoming. Reid Rasner says TikTok and the technology will add to the state's economy.

ByteDance told its U.S.-based employees that it is offering $189.90 per share, the people said. The price marks an increase of 11% from the per share price of $171 in their share buyback program ...