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
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Source: Tencent announces 50 bln yuan of investment in public welfare