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Tencent launches Sustainable Social Value Organisation, to invest CNY 50 billion

Wednesday 21 April 2021 | 10:33 CET | News
Tencent has announced plans to merge the existing Tencent Foundation and Corporate Social Responsibility activities into a new Sustainable Social Value Organisation (SSV) within its Corporate Development Group (CDG). Caitlyn CHEN, Corporate Vice President formerly in charge of Tencent News, will head up the new unit. Tencent also announced it will invest an initial capital of CNY 50 billion (approximately USD 7.67 billion) to fund initiatives in areas including basic science, education innovation, rural revitalisation, carbon neutrality, food/energy/water provision, assisting with public

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Categories: Internet
Companies: Tencent
Countries: China
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