Tencent company offers 1 billion Yuan in interest-free mortgages for their employees

Tencent companyTencent, the largest Internet company in China will offer 1 billion yuan (US$154 million) of interest-free mortgages for their employees.

Pony Ma, CEO and founder of Tencent company said that they will set aside 1 billion yuan in three years as a company housing fund which will offer  interest-free mortgages for first home purchases of their employees. The company also said that the company wants to improve the livelihood of it’s employee with regard to high property prices. Ma plans to have a pay rise, higher payments to the city’s housing provident fund and an improvement in the company’s salary structures, for employees to have increase in their monthly salary that could rise up to 9.3 percent under the change.

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