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EXPENDITURE  [more in EXPENDITURE]

Companies Donate Millions To Earthquake Relief 

000016.SZ, 002024.SZ, 0493.HK, 0700.HK, 0992.HK, 600060.SH, 728.HK, AMD, AliPay, Alibaba, Alibaba, CHA, China Telecom, FMCN, Focus Media, GA, Gaming, Giant Interactive, Gome, Hardware, Hisense, INTC, Intel, Internet, KONG, KongZhong, Konka, Lenovo, MSFT, Media, Microsoft, NCTY, NTES, NetEase, Oak Pacific Interactive, Online Game, PWRD, Perfect World, Retail, Retail, Rising, SNDA, SNS, SP, Shanda, Sina, Software, Software, Sohu, Suning, Telecom, Tencent, The9, WVAS, Xiaonei.com, Xunlei, Zhou Yunfan, e-commerce

Posted by: Jessica Jin on May 13, 2008 | 16:05

Editorial Summary

As reports regarding the devastation of Monday's earthquake were released, companies began making donations to the relief effort. The following is an abbreviated list of donations that had been made by select Chinese companies by May 13. The list was complied based on official company releases and reports by Sina, Sohu, qq.com, techweb.com.cn, Hexun, people.com.cn and pcpop.com.

RMB 500,000: Xunlei (Thunder)

RMB 1 million: Sina (Nasdaq: SINA), Giant Interactive (NYSE: GA), Focus Media (Nasdaq: FMCN), The9 (Nasdaq: NCTY), KongZhong Corporation (Nasdaq: KONG), Oak Pacific Interactive's campus SNS site Xiaonei.com, Microsoft (Nasdaq: MSFT) China, Chinese anti-virus software company Rising, Kongzhong chairman and CEO Zhou Yunfan, Shanda (Nasdaq: SNDA) (planned)

RMB 1.5 million: Perfect World (Nasdaq: PWRD)

RMB 2 million: Sohu (Nasdaq: SOHU), Alibaba Group

RMB 5 million: Tencent (0700.HK), NetEase (Nasdaq: NTES), Suning Appliance Co., Ltd. (002024.SZ), Konka (000016.SZ)

RMB 6 million: Hisense (600060.SH)

RMB 7 million: Gome (0493.HK) (includes RMB 2 million in kind donation)

RMB 10 million: Lenovo (0992.HK)

USD 30 million: Intel (Nasdaq: INTC) China

Alibaba's online payment tool AliPay has joined with the China Foundation for Poverty Alleviation (CFPA), the Red Cross Society of China's One Foundation and the Hangzhou Charity Federation to release a channel for online donations, reports ccidnet.com. China Telecom (NYSE: CHA, 728.HK) subsidiary Sichuan Telecom is expected to provide technology support to AliPay. The AliPay channel had registered RMB 43,000 worth of donations to the One Foundation as of Tuesday afternoon. Beijing-based online and mobile payment service provider YeePay released a donation channel for the Red Cross of Beijing (gongyi.yeepay.com) on Tuesday.



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Keywords in this article:
000016.SZ, 002024.SZ, 0493.HK, 0700.HK, 0992.HK, 600060.SH, 728.HK, AMD, AliPay, Alibaba, Alibaba, CHA, China Telecom, FMCN, Focus Media, GA, Gaming, Giant Interactive, Gome, Hardware, Hisense, INTC, Intel, Internet, KONG, KongZhong, Konka, Lenovo, MSFT, Media, Microsoft, NCTY, NTES, NetEase, Oak Pacific Interactive, Online Game, PWRD, Perfect World, Retail, Retail, Rising, SNDA, SNS, SP, Shanda, Sina, Software, Software, Sohu, Suning, Telecom, Tencent, The9, WVAS, Xiaonei.com, Xunlei, Zhou Yunfan, e-commerce

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