|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||78.51 - 80.17|
|52 Week Range||41.89 - 118.00|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||1,071.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The founder of TikTok owner ByteDance will give 500 million yuan ($77.35 million) to the Chinese city of Longyan for education, city authorities said on Tuesday, the latest charitable donation by a tech business leader as the sector comes under scrutiny. Zhang Yiming's donation to his hometown in Fujian province will go towards the "Fangmei Foundation," named after Zhang's grandmothers, to help teachers with advanced education, to support vocational education and improve technical education infrastructure, the city's education bureau said in a statement. The foundation will focus on rural areas in the region, according to a person with direct knowledge of the matter, adding that Zhang had visited the city this month and spoken to teachers.
The founder of TikTok owner ByteDance will donate 500 million yuan ($77.35 million) to the southeastern Chinese city of Longyan for education, the city government's education bureau said on Tuesday. Zhang Yiming's move came as Chinese tech billionaires are rushing to make charity gestures, especially in education, amid China's unprecedented crackdown on the tech sector. The donation will set up the "Fangmei Foundation" to assist teachers with advanced education and support vocational education, Longyan's education bureau said in a statement.
(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.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