ByteDance’s Zhang sets up educational fund · TechNode

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ByteDance founder Zhang Yiming has set up an education fund of RMB 500 million ($77.4 million) in his hometown in Longyan, Fujian province. The Fangmei Educational Development Fund, named after Zhang’s grandmothers, aims to provide vocational training and informational technology equipment to local schools. (Longyan Education Bureau, in Chinese)

Wei Sheng is a Beijing-based reporter covering hardware, smartphone, and telecommunications, along with regulations and policies related to the China tech scene. He writes a monthly newsletter tracking…

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