Ant Financial announces RMB 500 million in ecological investment in 2018

To celebrate National Tree Planting Day (植树节) on March 12, Ant Financial CEO Jing Xiandong said on March 11 that Ant Forest will invest RMB 500 million ($79 million) in ecological protection by the end of 2018, Chinese media TechWeb is reporting.

At present, there are more than 300 million Ant Forest users. If more than 300 million users continue their efforts for the next five years, Ant Forest says they will plant 500 million actual trees. This will be reforesting 6 million mu (90 hectares), or approximately equal to five times the land size of the New York City.

Read More – Technode

Read More – Xinhua

Read More – Techweb

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s