Keyword: Tencent

Tencent public welfare monthly donation rules updated

China’s biggest tech giant has recently announced updated its rules for monthly donation, requiring stricter tracking of the donors’ general information and finances. The rules are being updated in accordance with the 2016 Charity Law. This law made it easier for Chinese charities to become accredited, and clearly regulated the right to fundraise from ordinary Chinese citizens. In future only “legally registered charities who are in accordance with the law and maintain accurate records” may continue to fundraise through Tencent’s platform. The updated rules are meant to push for greater transparency on project plans and for legal and overall compliance from users of the platform. Tencent operates the most successful online fundraising platform in …read more

Fourth 9/9 Philanthropy Day comes to an end: 1.4 billion Yuan raised

Fourth 9/9 Philanthropy Day comes to an end: 1.4 billion Yuan raised

The fourth edition of Tencent’s annual 9/9 Philanthropy Day formally ended at midnight on September 9th. According to data from Tencent, during the event’s three-day run more than 28 million individual donations from the public raised 830 million yuan through Tencent’s public platform, and more than 2000 enterprises donated 185 million yuan to support 5498 philanthropic projects. The Tencent Charity Foundation provided 299.99 million yuan in matching funds, and 100 million to a growth fund for philanthropic organizations. Total donations were thus around 1.414 billion yuan. According to Tencent, educational projects were most successful, receiving 35.2% of all the funds raised. Healthcare projects received 34.5%, “anti-poverty/comprehensive” projects received 26.1%, and environmental and animal …read more

China’s fourth “9/9 Philanthropy Day” starting tomorrow

Yesterday in Shenzhen the Tencent Charity Foundation held the opening ceremony for the fourth “9/9 Philanthropy Day” online charity event. The fourth edition of Tencent’s hugely successful fundraising event will take place from the 7th to the 9th of September. Last years’ event raised 1.3 billion RMB, including 829.9 million Yuan in donations from the public, 299.99 million Yuan from the Tencent Foundation and 177 million Yuan from social enterprises. This year’s motif is “time for rational charity” (理性公益正当时). The event will advocate a rational approach to charity, and encourage the participants to calm down and think it over before making donations. The Tencent Charity platform announced that it will implement a variety of …read more