TikTok’s founder Zhang Yiming has become China’s richest man with a fortune of almost $50bn (£38bn).
Dubbed the “short video king”, the 41-year-old topped the Hurun China Rich List for the first time with $49.3bn (£37.9bn).
Mr Yiming stepped down as chief executive of ByteDance, TikTok’s parent company, in 2021.
He is the 18th individual to be crowned China’s richest person in the 26 years since the Hurun China Rich List began.
He dethroned bottled water magnate Zhong Shanshan, who slipped to second place as his fortune dropped 24% to $47.9bn (£36.8bn).
A number of the billionaires on the list saw their fortunes plummet over the past year with difficult economic conditions in China.
This comes during a legal battle over ByteDance’s US assets as TikTok could be banned in the US next year unless its parent company goes through with a sale amid accusations it is giving data to the Chinese government – something it denies.
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Legislation was passed by the House of Representatives earlier this year.
If the bill becomes law, the owner of the popular video-sharing app will have nine months to find a buyer, with a possible three-month extension while a sale is in progress, or face a ban.
The FBI has warned that ByteDance could share user data, such as browsing history, location and biometric identifiers, with China’s authoritarian government.
TikTok has said it has never done that and would not do so if asked.
Despite the battle, ByteDance’s global revenue grew 30% last year, and Mr Yiming still has a stake in it, helping propel his personal fortune.
China’s economy has undergone a difficult year and has continued to lag in the aftermath of COVID, with a real estate crisis and a volatile stock market.
When they made America truly great its backbone was forged in Bethlehem, Pennsylvania.
The steel for 80% of Manhattan’s skyscrapers, many of the US Navy’s battleships, and even the entire San Francisco Golden Gate Bridge, all came from its blast furnaces in the hills north of Philadelphia.
Its mammoth steel plants stretched for almost five miles.
They lie empty and unused, now a huge open-air museum for guided tours led by former plant workers like Don Young.
The 87-year-old has been married to Barbara for 20 years, but their marriage has been tested in recent months, as have many others in the most divisive presidential election in living memory.
Both Republicans, she is for Donald Trump, he is emphatically not.
Mr Trump, I pointed out, claimed he could make America great again. Did he believe him?
“No, I do not believe him. My wife does,” he said. “I’ve seen the rise of dictators in history.
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“As much as I am a studier of the history of industry, I’m also a studier of the history of politics and world politics. And, you know, Mr Trump’s campaign literally, literally mirrors that of Adolf Hitler.”
His wife sees Mr Trump completely differently: “I absolutely do not agree with that. And I’m sorry to hear my husband say this. And I actually believe we have seen what President Trump can do and how our country was when he was in office.”
Their town has recovered from the collapse of Bethlehem Steel. But it’s the state of America that worries Ms Young now.
And it is Mr Trump who can save it, she said.
“He is the future for America,” she said. “I don’t want to see people coming over our border. We’ve had women murdered and raped by illegal immigrants. Who wants their children dead as a result of fentanyl, which comes over the border?”
Trump is ‘going to run America into the ground’
Her husband’s view is diametrically opposed.
“I think he’s going to run America into the ground because he does not observe any of the Democratic norms that his predecessors have,” he said.
“He didn’t observe them when he was in office. And so that’s just a window on what will happen in this coming term.”
Pennsylvania will likely determine presidential election result
Their marriage mirrors the state of play in the place they live in.
Pennsylvania is on a knife edge, say the polls, split right down the middle and the outcome here will likely determine the result on election day in this most important of swing states.
They can agree on one thing. They cannot wait for this election to be over.
Mr Young said their marriage can survive a Trump victory. Ms Young thinks so too.
The closest, nastiest, most divisive presidential election in living memory will be over soon. The bitterness and division that has plagued it less so in this deeply polarised country.
The Los Angeles Dodgers have won baseball’s World Series for the second time in five years but the celebrations were marred by looting and violence.
The Dodgers took the title by beating the New York Yankees 4-1 in the best-of-seven final in New York on Wednesday night, US time.
But soon after the match ended and jubilant Dodgers fans spilled on to the streets to celebrate, there were reports of a bus being set on fire, shops being looted and fireworks thrown at police in scenes of “absolute chaos” in downtown LA.
At around 10.45pm, the Los Angeles Police Department (LAPD) said it received reports of “looting at several stores in the area of 8th and Broadway”.
Ordering people to “leave the area immediately” on X, the force reposted a video of looters raiding a Nike store where a door had been removed so thieves could get in.
Several dispersal orders were issued for different locations in the city, including in streets close to the Dodger Stadium in the Elysian Park area.
A bus was set on fire as part of the disorder.
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Eyewitness and LA resident Taylor Rosa, 27, told Sky’s US partner network NBC News it was “absolute chaos”, as people “got out of control and started looting and jumping on top of a bus”.
Among the comments on Instagram were “damn embarrassment” and “they act like the Dodgers lost”.
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As Betts leapt at the wall and caught the ball, one fan grabbed his glove with both hands and wrenched the ball out, as another grabbed Betts’s other hand.
They were thrown out of the game and banned from the next one.
The last time the Dodgers won the title, in 2020, the season was shortened by the COVID pandemic, which prevented them from staging a victory parade.
Elon Musk has been summoned to an emergency court hearing on Thursday over the $1m prizes he has been awarding registered voters in swing states.
The Tesla and X chief executive has been ordered by a judge in Philadelphia, Pennsylvania to address a civil case by the city’s top prosecutor to stop Mr Muskand his political action committee, America PAC, from giving the cash away.
The suit accuses Mr Musk of operating an illegal lottery and trying to influence voters in next week’s presidential election between Kamala Harris and Donald Trump.
Mr Musk and his PAC are backing Mr Trump, the Republican nominee.
The controversial billionaire promised to give $1m (£772,000) each day to resgistered voters in swing states who have signed his online free speech and gun rights petition.
The first $1m was awarded to a man named John Dreher during a campaign event in Pennsylvania on 19 October.
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Both Mr Trump and Ms Harris have made repeated visits to the state as they fight for its 19 electoral votes.
Mr Musk is the world’s richest person and is worth $274bn (£210bn), according to Forbes, so the approximate $17m (£13m) he’s vowed to give away is a tiny fraction of his wealth.
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The 53-year-old had donated $75m (£58m) to American PAC in the period up to mid-October.
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Documents filed by Philadelphia’s district attorney Larry Krasner also revealed that the lawsuit against Mr Musk had “triggered an avalanche of [social media] posts from Musk’s followers,” many of whom “made antisemitic attacks on Krasner”.
The attorney asked for enhanced security for the hearing, which was originally scheduled for Friday, after users on X had published Mr Krasner’s home address.
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‘Tell him I’ll register, $1 million!’
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America PAC is one of several major political action committees in the US.
Such groups can raise and spend unlimited amounts of money in support of political candidates, on the condition that they do not coordinate with their campaigns or give money to them.
Mr Trump has said he will give Mr Musk a government job if he becomes president again.