ByteDance says not aware of $5 billion education fund in TikTok deal | The Business Standard
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SUNDAY, MAY 28, 2023
ByteDance says not aware of $5 billion education fund in TikTok deal

Tech

Reuters
20 September, 2020, 09:40 am
Last modified: 20 September, 2020, 09:42 am

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ByteDance says not aware of $5 billion education fund in TikTok deal

US President Donald Trump said he had approved a deal, which included a $5 billion education fund, to allow TikTok to continue to operate in the United States

Reuters
20 September, 2020, 09:40 am
Last modified: 20 September, 2020, 09:42 am
Flags of China and US are seen near a Bytedance logo in this illustration picture taken September 18, 2020. Photo:Reuters
Flags of China and US are seen near a Bytedance logo in this illustration picture taken September 18, 2020. Photo:Reuters

TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States.

US President Donald Trump said he had approved a deal, which included a $5 billion education fund, to allow TikTok to continue to operate in the United States.

ByteDance gets Trump nod to avoid TikTok shutdown

"The company has been committed to investing in the education field, and plans to work with partners and global shareholders to launch online classroom projects based on AI and video technology for students around the world," ByteDance said on its official account on Toutiao.

Top News / World+Biz

ByteDance / TikTok

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