Tough regulations, hunt against Jack Ma guides China's tech moguls down charitable path

Tough regulations, hunt against Jack Ma guides China’s tech moguls down charitable path
Moneycontrol
7 hours ago
Jocelyn Fernandes
© Jocelyn Fernandes
Tough regulations, hunt against Jack Ma guides China’s tech moguls down charitable path
Increasing regulatory scrutiny from the government has led China’s tech moguls to discover their charitable side – many of them learning from Jack Ma’s fall from grace.
The latest example, Bloomberg reported, is Xiaomi Corporation co-founder Lei Jun, who gave two foundations over $2.2 billion worth of shares in the smartphone manufacturing company, filings with the Hong Kong stock exchange showed.
Jun’s donations come on the heels of significant giveaways by China’s tech moguls.

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