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Is PCCW's welfare fund a scam?
It's true.

Guangzhou PCCW is a formal company protected by law with complete procedures, so PCCW's welfare fund is real.

PCCW Limited was founded by Chairman and Chief Executive Officer Li Zekai and merged with Hong Kong Telecom Limited in August 2000. It is listed on the Hong Kong Stock Exchange (HKEx: 0008) and the new york Stock Exchange (NYSE: PCW) in the form of American Depositary Receipts. PCCW is the largest communication service provider in Hong Kong and a major integrated communication service company in Asia. PCCW Co., Ltd. focuses on the synergy between major business units and business partners in the Asia-Pacific region, especially in Greater China, and strives to bring comprehensive combined services to enterprises and individual customers throughout Asia, thus improving shareholder returns; The communication services provided range from local telephone services to broadband services and e-commerce solutions. PCCW has won 20 13 SME Information World Award, China Top 500 Solution Providers, E Generation Brand Award and many other awards. 20 15 On June 9th, PCCW joined Alibaba Cloud Global Partner Program.