One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg
One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg
Tencent

Tencent earmarks US$7.7 billion for ‘common prosperity’ to answer Xi Jinping’s call for equality

  • The announcement of the fund comes one day after Chinese President Xi Jinping made it a key economic and social goal for the country
  • The company said the fund will be used to support a range of initiatives for the less affluent

Topic |   Tencent
One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg
One of Tencent's office buildings in Shanghai, China. Photo: Bloomberg

Corrected [3:18pm, 19 Aug, 2021]

  • [3:18pm, 19 Aug, 2021]

    A previous version of this article stated that players under the age of 16 accounted for only 2.6 per cent of its global gaming revenues when, in fact, it was gaming revenues in China.

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