Early Life and Education
Cheng Yixiao was born in China and began his career as a software engineer. He earned a Bachelor's degree in Software Engineering from Northeastern University in Liaoning Province.
Rise to Success
Cheng Yixiao's journey to becoming a billionaire is closely tied to the success of Kuaishou Technology. In 2011, he co-founded Kuaishou as a platform for creating and sharing animated images, later pivoting to video sharing. Under his leadership, Kuaishou has grown to become one of the most popular short-video platforms globally, with millions of daily active users. Cheng's role as the Chairman and CEO reflects his critical leadership in formulating long-term strategies and overseeing the company's management and operations.
Key Business Strategies
Key to Kuaishou's success has been its focus on user-generated content, creating a platform where ordinary people can express themselves. The company's initial public offering (IPO) on the Hong Kong Stock Exchange in February 2021 was a significant milestone, further solidifying Cheng's position. Kuaishou's business strategies include diversifying its revenue streams, particularly through advertising.
Philanthropy
While specific details on Cheng Yixiao's philanthropy are limited, he has shown interest in social impact and has been involved in giving back to the community. However, there is limited information publicly available about his specific philanthropic initiatives.