Zhou Chaonan becomes China's third richest woman as TikTok's parent company boosts data center operator's success

Zhou Chaonan, 64, has become China's third richest woman, with a net worth of $7.7 billion. Her company, Range Intelligent Computing Technology Group, saw its stock rise 105% in 2024, largely due to its work with ByteDance, TikTok's parent company. Range Intelligent provides essential data and computing power for ByteDance's AI projects. The company's success aligns with China's push to lead in artificial intelligence, supported by government policies. Zhou's career began after the Cultural Revolution, leading to her founding multiple companies. Range Intelligent now operates 61 data centers across major Chinese cities, housing over 320,000 server racks.