ByteDance CEO donates $77.35 million amid scrutiny of billionaires in China


Source: techcityng.com techcityng.com

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Share on WhatsApp The Chinese city of Longyan for education was handed a whopping 500 million yuan ($77.35 million) donation by Zhang Yiming – founder of ByteDance, Tiktok’s parent company. In a statement by the city’s education bureau, the purpose of the donation is to aid the teachers of Fangmei Foundation with advanced education such as vocational and technical training. One of the residents of the province said, the primary purpose of the foundation is to serve rural areas and that Zhang, whose hometown is Longyan, situated in Fujian province, has already spoken to the teachers to that effect. Zhang’s...