FILE PHOTO: Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton/File PhotoZhang 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.
Alibaba Group founder Jack Ma, who all but vanished from public view after an October speech that triggered the dramatic suspension of affiliate Ant's US$37 billion IPO, surfaced briefly in January, participating in an online ceremony for rural teachers organised by Ma's charitable foundation.
Cultural Revolution or gangster protection money
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