ByteDance Founder Donates $77 Million to Education Fund

71
22
Favorite

ByteDance Founder Donates $77 Million to Education Fund

Bloomberg2021-06-22

(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（22）

DiamondHand9
·2021-06-22
Nice
Reply
1
Report
Sfky
·2021-06-22
[Speechless]
Reply
Like
Report
Zxbtxx
·2021-06-22
Tell me your opinion about this news...
Reply
1
Report
Zxbtxx
·2021-06-22
To the mooon
Reply
Like
Report
Debbs
·2021-06-22
Jehee
Reply
Like
Report
CharlesKing
·2021-06-22
Like and comment plz???
Reply
4
Report
Fold Replies
- xvin23:
  Hehe Charles
  2021-06-22
  Reply
  Report
- Debbs:
  ok
  2021-06-22
  Reply
  Report
- Ljoney:
  Like n comment pl
  2021-06-22
  Reply
  Report
KopiKit
·2021-06-22
Wow
Reply
2
Report
woanderful
·2021-06-22
The same company that distracts young people, funds them for education. I guess it is good as younger peeps might be more motivated :p
Reply
1
Report
Jyysim
·2021-06-22
Wow! ??
Reply
1
Report
Sharinganjx
·2021-06-22
Wow great
Reply
6
Report
2020TS
·2021-06-22
Nice
Reply
1
Report
Nn9876543
·2021-06-22
Pls like
Reply
1
Report
Fold Replies
- RichTea:
  this
  2021-06-22
  Reply
  Report
wallflowere
·2021-06-22
Donate and give back
Reply
3
Report
Fold Replies
- wongzien:
  wow
  2021-06-22
  Reply
  Report
ELee2723
·2021-06-22
Like and comment pls!
Reply
2
Report
Fold Replies
- wallflowere:
  ok
  2021-06-22
  Reply
  Report
Ling96000
·2021-06-22
?
Reply
3
Report
TeikLeong
·2021-06-22
?
Reply
3
Report
Bangaram
·2021-06-22
Nice
Reply
1
Report
kerukel88
·2021-06-22
Good
Reply
1
Report
3lon Mu5k
·2021-06-22
Nice gesture
Reply
Like
Report
Qwer1234
·2021-06-22
O
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1107327307?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-22 16:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107327307","market":"sh","top_or_hot":-1,"title":"ByteDance Founder Donates $77 Million to Education Fund","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","article_id":"1107327307","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","pubTimestamp":1624352103,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"字节跳动创始人向教育基金捐赠7700万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":129802979,"gmtCreate":1624368096491,"gmtModify":1703834536241,"author":{"id":"4087467108324120","authorId":"4087467108324120","name":"DiamondHand9","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087467108324120","authorIdStr":"4087467108324120"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129802979","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129353542,"gmtCreate":1624361115086,"gmtModify":1703834349072,"author":{"id":"3573693737176122","authorId":"3573693737176122","name":"Sfky","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573693737176122","authorIdStr":"3573693737176122"},"htmlText":"[Speechless]&nbsp;","listText":"[Speechless]&nbsp;","text":"[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129353542","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129335974,"gmtCreate":1624358082098,"gmtModify":1703834281766,"author":{"id":"3559176492347423","authorId":"3559176492347423","name":"Zxbtxx","avatar":"https://static.tigerbbs.com/25d9e30200d6768a1e771055739d9439","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3559176492347423","authorIdStr":"3559176492347423"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129335974","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129332522,"gmtCreate":1624358071666,"gmtModify":1703834280958,"author":{"id":"3559176492347423","authorId":"3559176492347423","name":"Zxbtxx","avatar":"https://static.tigerbbs.com/25d9e30200d6768a1e771055739d9439","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3559176492347423","authorIdStr":"3559176492347423"},"htmlText":"To the mooon","listText":"To the mooon","text":"To the mooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129332522","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129308631,"gmtCreate":1624356040423,"gmtModify":1703834248848,"author":{"id":"3575095406695487","authorId":"3575095406695487","name":"Debbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575095406695487","authorIdStr":"3575095406695487"},"htmlText":"Jehee","listText":"Jehee","text":"Jehee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129308631","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129308909,"gmtCreate":1624356026301,"gmtModify":1703834248364,"author":{"id":"3579391265651951","authorId":"3579391265651951","name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579391265651951","authorIdStr":"3579391265651951"},"htmlText":"Like and comment plz???","listText":"Like and comment plz???","text":"Like and comment plz???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/129308909","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4953576,"gmtCreate":1624356306463,"gmtModify":1663229711033,"authorId":3577242908888293,"author":{"id":3577242908888293,"idStr":"3577242908888293","authorId":3577242908888293,"name":"xvin23","avatar":"https://static.tigerbbs.com/284ea65037fdd70740d1782f2b4e7dc7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.71%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129308909,"type":1,"supId":0,"prevId":0,"content":"Hehe Charles","text":"Hehe Charles","html":"Hehe Charles"},{"id":4953535,"gmtCreate":1624356070478,"gmtModify":1663229710735,"authorId":3575095406695487,"author":{"id":3575095406695487,"idStr":"3575095406695487","authorId":3575095406695487,"name":"Debbs","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129308909,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":4954097,"gmtCreate":1624359880548,"gmtModify":1635252050259,"authorId":3581591015314710,"author":{"id":3581591015314710,"idStr":"3581591015314710","authorId":3581591015314710,"name":"Ljoney","avatar":"https://static.tigerbbs.com/8376cac12c1b661feac4d507eb1379e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129308909,"type":1,"supId":4953535,"prevId":0,"content":"Like n comment pl","text":"Like n comment pl","html":"Like n comment pl"}],"langContent":"EN"},{"id":129309733,"gmtCreate":1624355826222,"gmtModify":1703834245296,"author":{"id":"3576477409987057","authorId":"3576477409987057","name":"KopiKit","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"3576477409987057","authorIdStr":"3576477409987057"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129309733","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129975591,"gmtCreate":1624355326713,"gmtModify":1703834240759,"author":{"id":"3583022959242714","authorId":"3583022959242714","name":"woanderful","avatar":"https://static.tigerbbs.com/4e5b04b7e9dab6f7f58cb053028db83d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583022959242714","authorIdStr":"3583022959242714"},"htmlText":"The same company that distracts young people, funds them for education. I guess it is good as younger peeps might be more&nbsp;motivated :p","listText":"The same company that distracts young people, funds them for education. I guess it is good as younger peeps might be more&nbsp;motivated :p","text":"The same company that distracts young people, funds them for education. I guess it is good as younger peeps might be more motivated :p","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129975591","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129976672,"gmtCreate":1624355146196,"gmtModify":1703834236064,"author":{"id":"3575283141495786","authorId":"3575283141495786","name":"Jyysim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575283141495786","authorIdStr":"3575283141495786"},"htmlText":"Wow! ??","listText":"Wow! ??","text":"Wow! ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129976672","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129976394,"gmtCreate":1624355139718,"gmtModify":1703834235741,"author":{"id":"3554802124741992","authorId":"3554802124741992","name":"Sharinganjx","avatar":"https://static.tigerbbs.com/f5613450a12b2554a5270638dd67fcb4","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3554802124741992","authorIdStr":"3554802124741992"},"htmlText":"Wow great","listText":"Wow great","text":"Wow great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129976394","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129979600,"gmtCreate":1624354960400,"gmtModify":1703834229899,"author":{"id":"3568580098685907","authorId":"3568580098685907","name":"2020TS","avatar":"https://community-static.tradeup.com/news/11248151fdcb83034da72e0a80b4d0ae","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568580098685907","authorIdStr":"3568580098685907"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129979600","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129979368,"gmtCreate":1624354949254,"gmtModify":1703834229576,"author":{"id":"3579223722445124","authorId":"3579223722445124","name":"Nn9876543","avatar":"https://static.tigerbbs.com/f303d61037d0b19d1482129a96aaf20f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579223722445124","authorIdStr":"3579223722445124"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129979368","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4954254,"gmtCreate":1624360625983,"gmtModify":1663229714534,"authorId":3580611966360609,"author":{"id":3580611966360609,"idStr":"3580611966360609","authorId":3580611966360609,"name":"RichTea","avatar":"https://static.tigerbbs.com/17f24d7c1ce49657326aac3bf4f42040","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129979368,"type":1,"supId":0,"prevId":0,"content":"this","text":"this","html":"this"}],"langContent":"EN"},{"id":129948117,"gmtCreate":1624354362539,"gmtModify":1703834218218,"author":{"id":"3579733246085840","authorId":"3579733246085840","name":"wallflowere","avatar":"https://static.tigerbbs.com/a5072464fdb4037d83d403dc2e80c19c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579733246085840","authorIdStr":"3579733246085840"},"htmlText":"Donate and give back&nbsp;","listText":"Donate and give back&nbsp;","text":"Donate and give back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129948117","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4953337,"gmtCreate":1624354807113,"gmtModify":1663229709439,"authorId":3581751447865443,"author":{"id":3581751447865443,"idStr":"3581751447865443","authorId":3581751447865443,"name":"wongzien","avatar":"https://static.tigerbbs.com/9daddd03f6640e3152653100b1830851","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129948117,"type":1,"supId":0,"prevId":0,"content":"<u>wow</u>","text":"<u>wow</u>","html":"<u>wow</u>"}],"langContent":"EN"},{"id":129941396,"gmtCreate":1624354216015,"gmtModify":1703834218379,"author":{"id":"3576576038240682","authorId":"3576576038240682","name":"ELee2723","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576576038240682","authorIdStr":"3576576038240682"},"htmlText":"Like and comment pls!","listText":"Like and comment pls!","text":"Like and comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129941396","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4953278,"gmtCreate":1624354371062,"gmtModify":1663229711930,"authorId":3579733246085840,"author":{"id":3579733246085840,"idStr":"3579733246085840","authorId":3579733246085840,"name":"wallflowere","avatar":"https://static.tigerbbs.com/a5072464fdb4037d83d403dc2e80c19c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":129941396,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":129952014,"gmtCreate":1624353592538,"gmtModify":1703834208652,"author":{"id":"3582201259788496","authorId":"3582201259788496","name":"Ling96000","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582201259788496","authorIdStr":"3582201259788496"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129952014","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129925471,"gmtCreate":1624353133993,"gmtModify":1703834196096,"author":{"id":"3581504913688063","authorId":"3581504913688063","name":"TeikLeong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581504913688063","authorIdStr":"3581504913688063"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129925471","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129921821,"gmtCreate":1624352881563,"gmtModify":1703834189572,"author":{"id":"3574855965218634","authorId":"3574855965218634","name":"Bangaram","avatar":"https://static.tigerbbs.com/3c26643528d1c3fdd083336c2454f51e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574855965218634","authorIdStr":"3574855965218634"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129921821","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129923956,"gmtCreate":1624352804575,"gmtModify":1703834187781,"author":{"id":"3580376639553291","authorId":"3580376639553291","name":"kerukel88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580376639553291","authorIdStr":"3580376639553291"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129923956","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129929507,"gmtCreate":1624352758009,"gmtModify":1703834186968,"author":{"id":"3586573220603963","authorId":"3586573220603963","name":"3lon Mu5k","avatar":"https://static.tigerbbs.com/61f768ac0da6f3a20f13f075550c37f3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586573220603963","authorIdStr":"3586573220603963"},"htmlText":"Nice gesture","listText":"Nice gesture","text":"Nice gesture","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129929507","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":129929668,"gmtCreate":1624352732554,"gmtModify":1703834186642,"author":{"id":"3572867061700089","authorId":"3572867061700089","name":"Qwer1234","avatar":"https://static.tigerbbs.com/4f048323098795168028c3aee02d87a4","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572867061700089","authorIdStr":"3572867061700089"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129929668","repostId":1107327307,"repostType":4,"repost":{"id":"1107327307","kind":"news","pubTimestamp":1624352103,"share":"https://ttm.financial/m/news/1107327307?lang=&edition=fundamental","pubTime":"2021-06-22 16:55","market":"sh","language":"en","title":"ByteDance Founder Donates $77 Million to Education Fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1107327307","media":"Bloomberg","summary":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his p","content":"<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.</p>\n<p>The 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.</p>\n<p>Currently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.</p>\n<p>Last month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.</p>\n<p>Education is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.</p>\n<p>ByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.</p>\n<p>Speculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ByteDance Founder Donates $77 Million to Education Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Founder Donates $77 Million to Education Fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving...</p>\n\n<a href=\"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bytedance-founder-donates-77-million-050128325.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107327307","content_text":"(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming donated 500 million yuan ($77.3 million) of his personal wealth to an education fund in his hometown, joining other Chinese internet moguls in giving back to social causes as Beijing cracks down on big tech.\nThe 38-year-old billionaire entrepreneur transferred the money to the Fangmei Educational Development Fund to be set up in the southeastern Longyan city, the local education bureau said in a statement Tuesday. The fund -- named after Zhang’s grandmothers -- will be used for teacher training, edutech infrastructure and dormitory construction, among other purposes, according to the statement.\nCurrently China’s fourth-richest person with a net worth of about $44.5 billion, the creator of viral hits like TikTok and news app Toutiao is joining fellow tech leaders including Meituan founder Wang Xing and Tencent Holdings Ltd.’s Pony Ma in stepping up philanthropic efforts, just as Xi Jinping’s government tightens its control over the tech sector. Zhang’s ByteDance -- the world’s largest startup valued at north of $250 billion in recent private trades -- is among 34 internet firms that pledged in April to conduct internal inspections as part of Beijing’s antitrust crackdown.\nLast month, Zhang made a surprise announcement that he’ll step down as ByteDance’s chief executive officer by the year-end and instead focus on longer-term strategy. He said at the time he’ll also spend time on educational charity. The $77 million marks the biggest single donation yet by the billionaire, who last year gave 10 million yuan to his alma mater.\nEducation is proving to be a popular cause for China’s tech giants. Arch-rival Ma’s Tencent in April pledged $7.7 billion toward a “sustainable social values program” that will tackle issues including scientific education. Meituan this month said founder Wang was donating a $2.3 billion stake in the food delivery giant to his own foundation, which will go toward education and science.\nByteDance, which has in recent years ventured into online tutoring as a growth driver, recorded a $2.1 billion operating loss last year on revenue of $34 billion, the company told employees earlier this month. The online education sector has come under intensifying scrutiny as Beijing seeks to alleviate the pressure faced by China’s kids. A slew of edutech upstarts have mothballed their U.S. listing plans, Bloomberg News reported, while giants like New Oriental and TAL Education saw their shares tank.\nSpeculation over a potential ByteDance initial public offering has been growing, though the company has said it currently has no plans to float.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":71,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}