• About
  • Contact
Saturday, January 23, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

TikTok Pledges $250 Million Donation Towards Coronavirus Relief Efforts

Pritish raj by Pritish raj
April 10, 2020
in News, Tech
2 min read
0
TikTok Owner Donation Bytedance- Next Big Brand

TikTok Owner Bytedance- Next Big Brand

Share on FacebookShare on Twitter
  • TikTok, the fast-growing mobile video app, pledged a donation of $250 million to worldwide coronavirus relief efforts Thursday.

TikTok, the fast-growing mobile video app, pledged a donation of $250 million to worldwide coronavirus relief efforts Thursday.

TikTok follows similar announcements of dontation from technology firms including Google, Facebook, and Netflix as well as from leaders of Microsoft, Amazon, and Twitter.

“We’re committed to playing our part in this global outpouring of mutual support and sharing,” said Alex Zhu, president of TikTok in a tweet.

There are three different funds in the $250 million: the TikTok Health Heroes Relief Fund, the TikTok Group Relief Fund, and the TikTok Innovative Learning Fund.

The first is the most important initiative, as it offers $150 million in support to healthcare personnel for issues like medical services, equipment, and relief of hardship. The CDC Foundation provides $15 million in these grants to help surge resources for local response efforts by state and local governments and $10 million for the WHO COVID-19 Solidarity Response Project.

TikTok, owned by Chinese internet giant ByteDance, also said its employee matching system would assist organizations such as the Red Cross and Immediate Relief.

“We understand these are hard times for all,” the president of TikTok, Alex Zhu, wrote in a statement. “We are committed to delivering the very best we can to support humanity, alongside corporations, governments, NGOs and ordinary people across the globe who are stepping up in this crucial moment.

Alex Zhu- Next Big Brand
Alex Zhu, Company President.

TikTok also said that it is partnering with global and local partners to supply masks and other personal protection equipment, among others, to hospitals in India, Indonesia, Italy, South Korea, and the U.S. For example, TikTok announced earlier this month that it had donated 400,000 hazmat medical protective suits and 200,000 masks in India to protect doctors and frontline medical workers.

Meanwhile, the TikTok Community Relief Fund especially focuses on vulnerable communities impacted by COVID-19.

This project includes allocating $40 million in cash to local organizations representing TikTok’s consumer group representatives — including musicians, artists, nurses, educators, and families. The fund has also been used to contribute $3 million to All-Stars After School, which offers food for families who had previously relied on school lunches and $2 million to MusiCares, which helps musicians, songwriters and music professionals whose livelihoods have been disrupted.

TikTok would also match $10 million in contributions from its members, as part of the Humanitarian Relief Project.

The third initiative, the Creative Learning Fund of TikTok, will include grants of $50 million to students, technical experts, and groups focused on distance learning projects. TikTok sees itself as a possible home for innovative remote learning activities but no concrete plans have been revealed on this issue.

TikTok provides ad credits to health-care agencies and SMBs outside of the funds themselves.

Previous Post

Return Of Ramayana & Mahabharata Makes DoorDarshan Most Watched Indian Channel

Next Post

FMCG Companies Witness Sales Decline In March Quarter

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

LifeStyle Video App Trell Starts Social Commerce for its User Base
News

LifeStyle Video App Trell Starts Social Commerce for its User Base

January 22, 2021
Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Next Post
FMCG Giants Companies Rural India Small Packet- Next Big Brand

FMCG Companies Witness Sales Decline In March Quarter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Fashion everyday logo

Fashion Everyday – A place where all your fashion curiosities and wonderings will end

2 years ago
PSU-Bank-Merger-India-Nirmala-Sitharaman-nextbigbrand-in

Government To Infuse Rs. 70,000 Crore In Public Sector Bank

1 year ago
Forever 21:- Next Big Brand

Forever 21 Files For Bankruptcy, Will Close Up To 178 Stores

1 year ago
Coca-Cola Social Media Ads- Next Big Brand

Coca-Cola & Unilever Halt Social Media Ads To Support Anti-Racism Movement

7 months ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Indigo Paints: Colorful journey of a Lesser Known Paint Brand
  • LifeStyle Video App Trell Starts Social Commerce for its User Base
  • Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

Instagram

Follow Me!

Latest News

Indigo Paints: Colorful journey of a Lesser Known Paint Brand

Indigo Paints: Colorful journey of a Lesser Known Paint Brand

January 22, 2021
LifeStyle Video App Trell Starts Social Commerce for its User Base

LifeStyle Video App Trell Starts Social Commerce for its User Base

January 22, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.