News Snapshot:
ByteDance Founder Donates $77 Million Amid China Crackdown on Tech Sector June 23, 2021 ByteDance founder Zhang Yiming will give 500 million yuan (US$77.35 million) to an education fund in his hometown of Longyan in China’s Fujian province, the local education bureau said in a statement on Tuesday, 22 June. Credit: Reuters Zhang’s donation will go towards the “Fangmei Foundation”, a trust named after his grandmothers, and will be used to train local teachers, support vocational education and improve educational technology infrastructure, among others. The foundation will focus its charitable efforts on the region’s rural areas. Earlier this month, a...
