Diageo, one of the world's leading beverage enterprises, recently announced the launch of the Diageo Plan W Fund along with its partner, the China Women's Development Foundation, at a ceremony in Beijing.

The fund will support women in China by providing a wide range of learning opportunities to improve their social and economic status.

Diageo China plans to donate 1 million yuan ($163,000) to the fund every year over the next five years, directly and indirectly benefiting an estimated 100,000 women across China.