After investing 50 billion yuan ($7.7 billion) in sustainable social value innovation strategy, Chinese technology giant Tencent
The firm’s Sustainable Social Value Innovation Program was launched in April for the purpose of forward-looking exploration in the fields of basic science, education innovation, carbon neutrality, “Food, Energy and Water” (FEW), technology for the elderly and digitalization of public welfare.
As part of these initiatives, Tencent
The three distributions of social wealth are divided between the following areas: Business, government and public welfare. The third distribution method was put forward by a Chinese economist named Li Yining in 1994. Business aims at making profits and creating monetary wealth, but it might be distributed unfairly. The government carries out the second distribution through taxation, fees, subsidies, relief and other measures to ensure fairness. In line with resources, wisdom and influence, the society distributes wealth again on the basis of the first two distributions, checking for leaks and filling vacancies. In the third distribution, enterprises mainly carry out programs for public welfare.
On Wednesday, Tencent