Tencent launches $100M fund to fight COVID-19
Tencent this week announced the launch of the Global Anti-Pandemic Fund, a $100 million effort designed to help curb the devastating spread of COVID-19. The news follows the launch of $100 million funds from fellow tech giants, Netflix and Facebook.
In the case of the Shenzhen-based corporation, initial funding will go to practical and vitally important health supply donations, including protective gear and other products for hospitals and health care first responders.
Tencent notes that that the effort is only the latest from the company. It previously set up an Anti-Pandemic fund to support health care workers in its native China, with around $211 million allocated as part of that effort.
“COVID-19 is drastically impacting people around the world,” Tencent President Marin LAu said in a press release. “We are facing this challenge together and Tencent is committed to supporting the international emergency response. Based on the experience in China and feedback collected from hospitals around the world, we recognize there is an urgent need for PPEs and other medical supplies, particularly at the onset of the pandemic, when traditional supply channels cannot meet the sudden surge in need.”
For now, the most pertinent donations are certainly health care supplies, as locations all over the globe experience mass shortage of vital equipment like masks and ventilators
Tencent this week announced the launch of the Global Anti-Pandemic Fund, a $100 million effort designed to help curb the devastating spread of COVID-19. The news follows the launch of $100 million funds from fellow tech giants, Netflix and Facebook. In the case of the Shenzhen-based corporation, initial funding will…
Recent Posts
- Microsoft announces the Proteus Controller, a gamepad for Xbox gamers with disabilities
- YouTube is becoming a cybercriminal gateway for human manipulation
- LG’s new super-bright OLED panel could give the next Meta Quest an edge over the Apple Vision Pro
- Uber will soon let you reserve a shuttle to get home from a big concert or ballgame
- PPSSPP brings PSP emulation to the iPhone
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011