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China Tech Billionaires Ramp Up Donations as Beijing Cracks Down


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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. ....

Hong Kong , Meituan Wang Xing , Lei Jun , Bytedance Zhang Yiming , Jack Ma , Tencent Holding Pony Ma , Xiaomi Corporation , Ma Ant Group , Jocelyn Fernandes Tough , Zhang Yiming , Wang Xing , Ant Group , President Xi Jinping , ஹாங் காங் , லீ ஜூன் , பலா மா , கிஷியாொமி நிறுவனம் , மா எறும்பு குழு , வாங் க்ஷிங் , எறும்பு குழு ,

Chinese government pushing its businessmen to donate


Chinese government pushing its businessmen to donate
ANI
18 Jul 2021, 04:37 GMT+10
Shenzhen [China], July 17 (ANI): China s ultra-wealthy have been on a philanthropic tear this year, but behind the surge in private gift-giving looms the hand of the Chinese government, says an inernational expert.
Michael Standaert, writing in Al Jazeera said that China s billionaires are becoming terribly generous of late. In recent months, Wang Xing, the chairman and founder of food delivery giant Meituan, donated around USD 2.7 billion.
Colin Huang, founder of e-commerce giant Pinduoduo gifted around USD 1.85 billion. He Xiangjian of the Midea home appliances empire and Xu Jiayin of the Evergrande real estate empire donated over USD 975 million and USD 370 million respectively, reported Al Jazeera. ....

Wang Xing , Tom Cliff , Colin Huang , Michael Standaert , Xu Jiayin , Jack Ma , Emily Baum , University Of California Los Angeles , Australian National University , University Of California Irvine , Asia Pacific Center , Al Jazeera , Chinese Communist Party , Chinese President Xi Jinping , Min Zhou , California Los Angeles , California Irvine , வாங் க்ஷிங் , டோம் குன்றின் , கொலின் ஹுவாங் , பலா மா , எமிலி பாம் , பல்கலைக்கழகம் ஆஃப் கலிஃபோர்னியா லாஸ் ஏஞ்சல்ஸ் , ஆஸ்திரேலிய தேசிய பல்கலைக்கழகம் , பல்கலைக்கழகம் ஆஃப் கலிஃபோர்னியா இவைந் , ஆசியா பெஸிஃபிக் மையம் ,