Tencent Doubles Social Aid to $15 Billion as Scrutiny Grows

Tencent is allocating $15 billion for social causes, focusing on wealth distribution. This move reflects a broader trend among Chinese companies adapting to new regulations emphasizing 'common prosperity.' Many billionaires, including those from Matewan, Bytedance, and Alibaba, are contributing to charitable causes. This marks a shift in business practices, where companies are expected to focus not only on profits but also on societal contributions, worker treatment, and taxes.

What is the primary focus of Tencent's recent financial allocation?

• International Expansion

• Marketing and Advertising

• Wealth Distribution

• Research and Development

What is the term used by Beijing to describe the new economic approach that companies like Tencent are aligning with?

• Capitalist Growth

• Common Prosperity

• Market Expansion

• Globalization

Which sector is NOT mentioned as being affected by Beijing's crackdown?

• Finance

• Healthcare

• Real Estate

• Technology

Which of the following companies is mentioned as participating in philanthropic activities?

• Xiaomi

• Bytedance

• Huawei

• JD.com

What is a key aspect of the shift in business practices among Chinese companies?

• Focusing solely on international markets

• Reducing operational costs

• Contributing to societal welfare

• Maximizing shareholder profits