Global EditionASIA 中文雙語Fran?ais
    China
    Home / China / Society

    Charities get online makeover

    By HE WEI | China Daily | Updated: 2017-10-04 06:55
    Share
    Share - WeChat

    Images from a charitable virtual gallery are displayed on a smartphone screen. CHINA DAILY

    The Tencent Charity Foundation, an in-house philanthropy fund for the smartphone era, has been at the forefront of social conscience issues.

    Even the number of "steps walked" recorded on a mobile can translate into a charitable contribution. Reading out stories for the blind is also a popular cause.

    Still, the driving force behind this push to raise money for charities has been Pony Ma, chairman of Tencent.

    Last year, he announced the company would donate 2 percent of its annual profit, which in 2016 was 570 million yuan, to social issues.

    "Corporate social responsibility has played an increasingly important role in driving philanthropy," Wang at the Shanghai United Foundation said.

    "And technologies create demands for transparency and robust organization governance, which in turn reinforces people's trust in such charitable causes initiated by internet firms," Wang added.

    This has put charity programs back in the headlines for all the right reasons after a series of scandals in the past.

    As a result of public concern, Beijing announced a raft of laws last year, limiting fundraising activities to select online organizations.

    Charitable initiatives have since increased with technology titans, such as Pony Ma and Alibaba's founder Jack Ma and Vice-Chairman Joe Tsai, taking the lead.

    Jack Ma and Tsai have already pledged share options worth about $3 billion to various good causes.

    "The enormous wealth accumulated by the country's internet-made super-rich during the past decades has laid the foundation for current and future charitable acts," said Fu Changbo, assistant director of the China Global Philanthropy Institute in Shenzhen.

    At the root of this social conscience revolution is online technology and the adoption of blockchain in the fundraising process.

    Alibaba's affiliate, Ant Financial Services Group, keeps a record of donations made to charities on its Ant Love site. This connects Alibaba's 550 million users to 1,000 public welfare institutions in China through Alipay, the group's online payment platform.

    Transparency is crucial, with blockchain technology showing donors and charities where and when the funds are being used.

    "Any user of the system can see exactly who owns what at any given time, and who has given what to whom," said Li Chao, a fintech, or financial technology, expert at iResearch, a market research and consulting company.

    "The net result is that the need for third parties is effectively removed, and so transaction costs can be dramatically cut," Li added.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    国产AⅤ无码专区亚洲AV| 久久亚洲中文字幕精品有坂深雪| 中文字幕一区二区人妻| 亚洲AV无码专区亚洲AV伊甸园 | 亚洲中文无韩国r级电影| 亚洲精品国产日韩无码AV永久免费网| 亚洲欧洲美洲无码精品VA| 7777久久亚洲中文字幕| 中文字幕亚洲欧美日韩2019 | 国产成人亚洲综合无码精品| 国产成人无码AV一区二区在线观看| 亚洲av中文无码乱人伦在线播放| 国产精品毛片无码| 色偷偷一区二区无码视频| 亚洲国产成人片在线观看无码| 中文字幕乱码免费看电影| 久久精品中文字幕久久| 熟妇人妻无码中文字幕| 亚洲AV永久无码天堂影院| 精品久久久久久无码人妻蜜桃| 中文字幕人妻色偷偷久久| 成在人线av无码免费高潮水 | 4hu亚洲人成人无码网www电影首页 | 精品人妻系列无码一区二区三区 | 人妻丝袜中文无码av影音先锋专区 | 最近2019好看的中文字幕| 中文字幕丰满乱子伦无码专区| 亚洲精品无码久久久| 亚洲?V无码乱码国产精品| 中文字幕亚洲精品无码| 国产亚洲中文日本不卡二区| 中文字幕有码无码AV| 狠狠躁天天躁无码中文字幕图 | 日韩AV高清无码| 13小箩利洗澡无码视频网站免费 | 无码丰满少妇2在线观看| 日韩精品无码一区二区三区 | 无码毛片一区二区三区视频免费播放| 精品人妻系列无码人妻免费视频| 国产成人无码a区在线视频| 无码精品人妻一区二区三区影院 |