Home > updates > Harvest News > Harvest Capital and Portfolio Companies Launch Second Wave of Assistance | Supporting Hubei
Harvest Capital and Portfolio Companies Launch Second Wave of Assistance | Supporting Hubei
Date: 2020-01-31
Views:
The novel coronavirus outbreak has affected the entire nation, and the situation in Hubei, the hardest-hit province, continues to weigh heavily on people’s hearts.
As an investment fund deeply rooted in China’s major consumption sectors—including daily necessities, food and beverage, housing, transportation, healthcare, education, entertainment, and wellness—Harvest Capital is deeply concerned about the public during this critical time. We have actively responded by donating RMB 1 million in relief funds and contributing an additional RMB 500,000 to the Dongrun Foundation, earmarked for the affected areas. To date, Harvest Capital’s total donations have reached RMB 1.5 million.
Furthermore, Harvest Capital has actively encouraged and collaborated with our portfolio companies—the Harvest Family—to contribute through donations. The second wave of assistance is currently underway. As of now, Harvest Capital and our Family companies have collectively donated over RMB 260 million in cash to the affected regions, along with substantial quantities of medical supplies, food and beverages, meal services, and insurance coverage.
A shared commitment warms this harsh winter. Through this effort, Harvest Capital and our Family companies extend our deepest respect to all frontline heroes battling the outbreak in the affected areas. The second wave of donations is ongoing and will be updated continuously.
Taikang Insurance Group
On January 24, as a representative Chu-based enterprise, Taikang Insurance Group announced a donation of RMB 10 million to medical and epidemic prevention institutions such as Wuhan University People's Hospital, Zhongnan Hospital, and Wuhan Tongji Hospital to support the fight against the outbreak. The Group also donated 150,000 medical surgical masks. Previously, on January 22, Taikang took the lead in providing insurance coverage of RMB 200,000 per person to over 100,000 medical staff working on the front lines in Wuhan against the novel coronavirus. The policies are now in effect.
On January 30, Taikang Group announced an additional donation of RMB 20 million through the Taikang Yicai Foundation to support multiple cities in Hubei, including Huanggang, Xiaogan, Jingmen, Xiangyang, Yichang, Jingzhou, and Tianmen, in their battle against the epidemic. The funds will be used for purchasing medical supplies and supporting frontline medical personnel. To date, the Taikang Yicai Special Fund for COVID-19 relief has reached RMB 30 million.
Meituan
On January 26, the Meituan Foundation announced a donation of RMB 200 million to establish a special fund for supporting and caring for medical personnel nationwide. Simultaneously, the Meituan public welfare platform has opened online fundraising channels for charitable organizations such as the Chinese Red Cross Foundation. Meituan has also urgently coordinated with branded catering merchants to provide 1,000 free meal deliveries daily to medical staff and frontline workers at hospitals including Wuhan Fifth Hospital and Wuhan Hanyang District People's Hospital.
Eastroc Beverage
On January 28, Eastroc Beverage Group decided to donate RMB 12 million in cash to Wuhan through the Chinese Red Cross Foundation to support epidemic prevention efforts. Additionally, since January 26, the Group has donated nearly 1,600 cases of Eastroc Special Drink to the construction site of the Huoshenshan Hospital and various major hospitals in Wuhan, and 1,000 cases of beverages to DiDi’s Wuhan "Medical Support Fleet."
Easyhome
On January 27, Easyhome announced a donation of RMB 20 million in cash and medical supplies to support Hubei, its hometown, in combating the pneumonia outbreak. Among this, RMB 10 million in cash was transferred to the Red Cross Society accounts in Wuhan, Huanggang, Luotian, and Huangmei before January 27. The remaining RMB 10 million worth of urgently needed medical supplies is being sourced from overseas locations such as the United States and Japan and will be delivered in full shortly.
Xiao Guan Tea
On January 26, Beijing Xiao Guan Tea Co., Ltd. urgently donated RMB 1 million in cash to the Chinese Red Cross Foundation to assist in the fight against the novel coronavirus. Additionally, the company donated Xiao Guan Tea thermal travel cups worth RMB 1 million to frontline medical personnel, helping them and the public carry out safer medical treatment and care.
Yenova Decoration
As a leading enterprise in the home furnishing industry, Yenova Decoration Group is deeply concerned about the epidemic in Hubei. On January 27, the Group donated RMB 1 million to the Wuhan Charity Federation to support frontline epidemic prevention and control efforts in Wuhan.
Qiaqia Food
On January 27, Qiaqia Food sourced nearly 200,000 medical masks through its overseas subsidiary in Thailand, with a total value of RMB 2 million. The company also prepared nearly RMB 2 million worth of Qiaqia food supplies for relief efforts in the affected areas. The supplies are now being organized, and the masks will soon be shipped from Thailand to China, aiming to reach Wuhan in the shortest possible time.
Laoxiangji
In response to the epidemic, Laoxiangji activated its highest-level emergency plan and publicly solicited feedback on the logistical meal needs of medical workers in the affected areas. On January 27, upon notification from the Shanghai Railway Bureau, 200 Laoxiangji care meals were urgently sent on a train to Wuhan. More Laoxiangji meals are being delivered to several hospitals, including Wuhan Fourth Hospital Gutian Branch, Wuhan Sixth Hospital, Wuhan Central Theater Hospital, and Wuhan Changjiang Shipping General Hospital, with nearly 1,000 meals provided daily.
Wenheyou
Wenheyou Catering responded swiftly to the epidemic by offering 10,000 free care meals for medical staff on duty. In recent days, these meals have been continuously delivered to major hospitals.
Newpearl Group
After the outbreak, Newpearl Ceramics Group contacted the construction unit of the Wuhan Leishenshan Hospital project, China Construction Third Engineering Bureau, among others. After detailed understanding, the Group urgently donated a batch of tile products for the construction of Leishenshan Hospital. Treating the epidemic as a command, on January 30 at noon, Newpearl’s Sanshui Park quickly loaded a dedicated truck at its finished product warehouse and headed to the front lines of Wuhan’s anti-epidemic efforts.
