ByteDance launches digital economy school in hometown of founder Zhang Yiming

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ByteDance , the Chinese owner of TikTok and the world’s most valuable unicorn, has established a school in founder Zhang Yiming’s hometown of Longyan in the southeastern province of Fujian. The ByteDance School of Digital Economy Industry was established last week under the Minxi Vocational and Technical College, a local institution, according to a statement from the provincial education department. The school aims to train “high-calibre talent” needed for developing the local digital economy, and create start-up teams, the department said. ByteDance declined to comment further. Zhang, 39, who founded ByteDance a decade ago in Beijing and developed TikTok into...