ByteDance founder donates US$77 million amid China billionaires' charity rush

ByteDance founder donates US$77 million amid China billionaires' charity rush

Channel NewsAsia - World·2021-06-22 19:01

Zhang Yiming's move came as Chinese tech billionaires are rushing to make charity gestures, especially in education, amid China's unprecedented crackdown on the tech sector.

The donation will set up the "Meifang Foundation" to assist teachers with advanced education and support vocational education, Longyan's education bureau said in a statement. The foundation will mainly focus on the rural areas in the region, according to a person with direct knowledge of the matter.

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