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Tencent鈥檚 big social welfare bid
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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 鈥渟ustainable social value innovation.鈥
Tencent chairman and CEO Pony Ma made the promise in a letter to employees, in which he put forward the strategy of 鈥渢aking root in consumer Internet, embracing industrial Internet and promoting sustainable social value innovation.鈥
He said the firm proposed the strategy of establishing footholds in consumer Internet and industrial Internet in 2018. 鈥淲e are willing to go further to incorporate 鈥榮ustainable social value innovation鈥 into the company鈥檚 core strategy,鈥 said Ma.
In the letter, he specifies the strategy鈥檚 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.
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