Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Tencent announces 50 bln yuan of investment in public welfare

April 20, 2021


Abstract : Chinese tech giant Tencent announced on Monday that the company will sponsor a public welfare investment initiative worth 50 billion yuan (about 7.66 billion U.S. dollars) to promote "sustainable social value innovation."

SHENZHEN, April 19 (Xinhua) -- Chinese tech giant Tencent announced on Monday that the company will sponsor a public welfare investment initiative worth 50 billion yuan (about 7.66 billion U.S. dollars) to promote "sustainable social value innovation."

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

He said the company proposed the strategy of establishing footholds in the 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. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Tencent

Reading:

Revenue of Chinese mobile game developers reaches 2.29 bln USD in March

China's manufacturing heartland accelerates digital transformation

Feature: Chinese game developers join global battle against climate change

China Focus: China's tech firms explore building zero-carbon internet

Tencent reports 28 pct revenue growth in 2020

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial