CHINA – Technology giant Tencent Holdings Limited (00700.HK) launched a US$100 million Global Anti-Pandemic Fund to support international efforts against COVID-19.
The fund will initially focus on the sourcing and donation of medical supplies, such as personal protective equipment (PPE) and other essential products, for hospitals and front-line healthcare workers. Prior to the establishment of the Global Anti-Pandemic Fund, Tencent announced a China Anti-Pandemic Fund in February 2020 to support the fight against COVID-19. A total of RMB1.5 billion (approximately US$211 million) was allocated to donate medical supplies, provide technology support to combat the epidemic, offer funds for frontline workers, patients and their families, and contribute to research funding for medical treatment and public health to help fight the epidemic in China. 27/03/2020
