China's Gao Tingyu in action during the speed skating men's 500m match, Feb 12, 2022. (FENG YONGBIN / CHINA DAILY)

BEIJING - China's Gao Tingyu won the men's 500m speed skating gold in a new Olympic record time at the Beijing Winter Olympics on Saturday.

The 24-year-old clocked a winning time of 34.32 seconds, beating the previous Olympic mark of 34.41 seconds set by Haavard Holmefjord Lorentzen of Norway at the 2018 PyeongChang Games.

Gao is China's first-ever male Olympic gold medalist in speed skating.

Cha Min-kyu of South Korea seized the silver in 34.39 seconds, while Wataru Morishige of Japan finished third in 34.49 seconds.

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Gao Tingyu celebrates after winning gold at National Speed Skating Oval, Beijing, China  Feb 12, 2022. (FENG YONGBIN / CHINA DAILY)

China's Gao Tingyu (right) in action during the speed skating men's 500m match at National Speed Skating Oval, Beijing, China Feb 12, 2022. (FENG YONGBIN / CHINA DAILY)

China's Gao Tingyu in action during the speed skating men's 500m match at National Speed Skating Oval, Beijing, China Feb 12, 2022. (FENG YONGBIN / CHINA DAILY)