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

Published 09/19/2020, 11:12 PM
Updated 09/20/2020, 08:05 AM
© Reuters. Illustration picture of Bytedance logo with Chinese and U.S. flags

NINGBO, China (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.

U.S. 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.

"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.

Latest comments

Put that in a fund where Biden jr can ******it dry
Suk
Everyone knows Flippy Donald is a incurable and despicable liar.
5 billion is no way a small number
It is for apple,amazon,microsoft,tesla,etc
They said they will invest in education. Trump threw up a number. This is like a business deal: 1 throws up number first, the other will follow. Then both try to work out a deal.
Best get aware lickety splits!
Guerra comercial entre estados unidos e china 🤦🏻‍♂️ vamos ver o próximo capitulo da novela.
$5 billion dollar education fund to put a framed picture of Donald Trump in every single classroom.
China will not let that go through.
Hope not too so we go back to decoupling....The less business the developed world does with China the better off we are.
Agreed probably for the best.
bytedance..now you know...write the check ...otherwise you know
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