Waterdrop(US:WDH) Huan Qiu Wang·2025-07-11 06:44Group 1 - The establishment of the Digital Charity Working Committee is a significant step in the development of digital charity in China, aiming to mobilize resources through digital technology and enhance industry self-regulation [3][6] - The committee will focus on creating compliance guidelines, information sharing mechanisms, and strengthening supervision and evaluation to ensure effective management of public sentiment [3][9] - The committee emphasizes the integration of digital economy and charity, aiming to improve the information technology level of the charity sector and expand application scenarios [3][10] Group 2 - Waterdrop Fundraising, as a designated personal assistance platform by the Ministry of Civil Affairs, has launched the "Waterdrop Co-assistance" project to provide efficient fundraising services for patients with serious illnesses [5][6] - The platform has successfully helped 3.47 million economically disadvantaged patients raise a total of 68.8 billion yuan, supported by over 475 million caring individuals [5][6] - Waterdrop Fundraising has implemented a multi-layered review mechanism and established a fund custody agreement with Ping An Bank to ensure the safety of funds on the platform [6][9] Group 3 - The China Charity Federation and Waterdrop Fundraising have jointly released self-regulation initiatives to promote orderly development and protect the rights of donors and beneficiaries [9][10] - The initiatives include establishing standards for practitioners and a blacklist system to identify dishonest actors in the fundraising process [10] - The aim is to create a trust-based environment in the personal assistance network, ensuring that genuine cases receive the necessary support [10]