back to top
Thursday, April 25, 2024

Trending Stories

Table of Contents

●  Introduction

Related Posts

- Advertisement -

TikTok donates US$375M in coronavirus aid

As the COVID-19 pandemic continues to cause havoc across the world, TikTok has been one place that a lot of people have been using to respite from their worries. This platform has it all, from viral videos to quarantine-friendly workouts to keep fit. TikTok, currently owned by the Chinese Internet Company, ByteDance, is now taking […]

As the COVID-19 pandemic continues to cause havoc across the world, TikTok has been one place that a lot of people have been using to respite from their worries. This platform has it all, from viral videos to quarantine-friendly workouts to keep fit.

TikTok, currently owned by the Chinese Internet Company, ByteDance, is now taking a step further in this fight against COVID-19 pandemic. In a recent statement that was published on TikTok's social media page, the president of the company, Alex Zhu, announced that they would be donating US$375 million in the fight against COVID-19.

“The TikTok community is uplifting one another, caring for one another, and lending a hand to one another.” Zhu added, “we want to magnify all we are seeing across our community and translate it into concrete relief for those most affected by this crisis.”

US$250 million of the contribution will go to front-line workers, community relief programs, and educational efforts. A total of US$150 million will be used for medical supplies, staffing, and hardship relief for workers, including a partnership with the CDC Foundation to donate US$15 million for surge staffing within local response efforts.

TikTok said that US$40 million would go to the local organizations that reflect the users of the TikTok platform, which include nurses, musicians, artists, families, and educators.

This donation is to be used across the world, but it will be primarily given to local organizations, including MusicCares and After-School All-Stars in the States, a statement from a TikTok spokesperson revealed.

“In an emergency, speed saves lives, and we are extremely grateful to TikTok for stepping forward to support surge staffing that is needed to meet rapidly emerging demands identified by state and local health departments,” the CEO and president of CDC Foundation, Judy Monroe said, according to a  statement.

The company will also allocate an additional US$10 million for matching TikTok user donations, plus another US$50 million that will be used to support the “TikTok Creative Learning Fund,” through grants to professional experts, educators, and non-profits focused on distance learning.

Additionally, the company will donate US$100 million in ad credits to medium-sized and small businesses “to help companies get on their feet once economies are able to restart normal activities,” Zhu's statement stated.

However, this donation is pending a decision from health authorities on when normal business operations will restart, which means the program will most probably roll out in the coming months.

Tech Edition has partnerships that involve sponsored content. While this financial support helps us with daily operations, it doesn't affect the integrity of our reviews. We remain committed to delivering honest and insightful content to our readers.

Tech Edition is now on Telegram! Join our channel here and catch all the latest tech news!

Simon Cohen
Simon Cohen
Simon Cohen is a senior writer at Tech Edition. He is a native New Yorker and a fan of all things tech. Apart from writing about tech, Simon spends his time in the music studio as a producer. Before joining Tech Edition, Simon worked at Vox, The Wall Street Journal, and The Verge, overseeing consumer tech coverage.

Featured Content

Dreame X30 Ultra vs X30 Master: Which robot vacuum is better for you?

Compare the Dreame X30 Ultra and X30 Master, featuring the latest cleaning technology. Discover key differences in pricing, features, and dock systems to choose the best robot vacuum-mop for your Singapore home.

Latest Stories

Related Stories