"ByteDance Employee in His 20s Quits After 'Earning $30 Million from Stocks'... But Here's the Truth"

Became a Hot Topic Online Amid Misinformation
Exchanges with Others on SNS Also Attract Attention

News that an employee at the Chinese big tech company ByteDance made a fortune through stock trading and resigned quickly spread across social media, drawing attention to the amount of profit he made. However, it was later revealed that some of the details were misunderstood, resulting in a bizarre incident.

On July 1, Chinese news outlet China.com reported, "An employee at ByteDance (the parent company of TikTok) generated profits of 30 million dollars (approximately 46.632 billion won) through stock trading and announced his intention to resign, causing a major stir in the industry."

A ByteDance employee from a major Chinese tech company became a sensation on social media after making a huge fortune through stock trading and subsequently resigning. AI-generated image.

According to the report, Employee A announced through the company messenger that he had "earned a huge amount of money in U.S. stocks" and subsequently resigned. He said, "The company has allowed me to maintain my current lifestyle, but investing has given me financial freedom," adding, "Investing turned out to be a much better choice than earning four times more at the company." He also stated, "I hope everyone can achieve financial freedom before the age of 35."

This news caused controversy after a screenshot of the company messenger was shared on social media. In particular, a colleague's reply, "Wishing you peace, happiness, and good fortune (千万要平安，千万要開心，千万要幸福)," was misunderstood by some media outlets, who mistakenly interpreted the phrase "千万" (which means "absolutely" or "by all means" in Chinese) as "30 million," and consequently reported that "a ByteDance employee made 30 million dollars through stock trading and resigned." The phrase, which was meant as a blessing using the Chinese character "千万" three times, was misread as referring to the number 30 million.

In response, Employee A stated, "The 30 million dollars is true," and added, "I hope everyone is happy and blessed." Although he did not reveal the exact amount, it is known that he had previously earned significant returns from stock trading and was regarded as an "investment expert" among acquaintances.

News about an employee of the Chinese big tech company ByteDance who made a fortune through stock trading and resigned has become a hot topic on social media. Chinese Weibo.

He was previously known to have worked as a data engineer at major Chinese tech companies such as Baidu and Xiaohongshu. After news about Employee A spread, the messages exchanged with him on Chinese social media also became a hot topic. He is reportedly in his twenties and currently residing in Singapore. In response to a comment asking how he accumulated his wealth, he answered, "After graduating from university, I once turned 20,000 dollars (about 3.11 million won) into around 2 million dollars (about 310 million won)."

He also stated that the heyday of gold and Tesla is over, saying, "Now I'm focusing on AI," and "You have to follow the mainstream," as he communicated with netizens curious about him.

Local media warned, "Some people invest large sums in stocks after hearing stories of big wins, but they can end up losing everything," adding, "Jumping into high-risk investments is a dangerous act and people should be careful."

This content was produced with the assistance of AI translation services.