Zhang Yiming, founder of TikTok owner ByteDance, has donated 500 million yuan ($77 million) to his hometown of Longyan in Southeastern China to set up a foundation for education, the city’s government said Tuesday in a statement. Zhang’s move comes amid Beijing’s growing regulatory crackdown on the country’s biggest tech companies and their billionaire founders. Last month, Zhang announced his...
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The Briefing Facebook Entertainment
What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
China Considers Opening Tencent and ByteDance to Third-Party Search
China’s Economy Grows at Slowest Pace in a Year
Netflix Fires Employee for Leaking Metrics
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