Tencent’s big social welfare bid

Advanced Search

The story appears on

Page A6

April 20, 2021

GET this page in PDF

Free for subscribers

View shopping cart

Tencent’s big social welfare bid

Source: Xinhua | 00:00 UTC+8 April 20, 2021 |

Print Edition

Chinese tech giant Tencent announced yesterday that the company will sponsor a public welfare investment initiative worth 50 billion yuan (US$7.66 billion) to promote “sustainable social value innovation.”

Tencent chairman and CEO Pony Ma made the promise in a letter to employees, in which he put forward the strategy of “taking root in consumer Internet, embracing industrial Internet and promoting sustainable social value innovation.”

He said the firm proposed the strategy of establishing footholds in consumer Internet and industrial Internet in 2018. “We are willing to go further to incorporate ‘sustainable social value innovation’ into the company’s core strategy,” said Ma.

In the letter, he specifies the strategy’s related fields as basic sciences, educational innovation, rural vitalization promotion, carbon neutrality, FEW (food, energy and water), public emergencies, elderly health care technology and digitalization in the public welfare sector.

Tencent has upgraded its former public welfare department into the division of sustainable social value.

Technology

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Tencent’s big social welfare bid

Email this to your friend