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Meituan Launches Green Tech Fund, and Other Initiatives on World Environment Day

Mount Equity Group Tokyo, Japan > News > Markets > Meituan Launches Green Tech Fund, and Other Initiatives on World Environment Day

HONG KONG, June 4, 2021 /PRNewswire/ — Meituan (HKG: 3690) (the “Company”), China’s leading e-commerce platform for services, today announced the launch of the Meituan Green Tech Fund and a series of green initiatives to celebrate World Environment Day.

Meituan is allocating an initial amount of RMB 500 million for the Meituan Green Tech Fund to drive low-carbon green development together with industry organizations, researchers and scientists. In response to China’s carbon neutral efforts as a whole, this particular initiative aims to support the research and application of green technologies through charitable causes. 

The United Nations has designated June 5th as World Environment Day, with this year’s theme: “Reimagine.Recreate.Restore.” While this day has been celebrated since 1972, recent challenges caused by climate change and COVID-19 have brought environmental issues into focus with a greater sense of urgency. Meituan’s efforts strongly align with the United Nations’ goal of ecosystem restoration, and this new fund furthers the Company’s existing sustainability commitments.

The fund will focus on two initiatives, the Meituan Green Tech Award and a demonstration project. The Meituan Green Tech Award will support emerging researchers’ and scientists’ studies on fundamental technologies that support China’s low-carbon and circular development strategy. The demonstration project