New generation of philanthropists hit a new high for donations to charity
Tencent Chairman and Chief Executive Ma Huateng topped the list of China’s 100 most generous philanthropists last year, as he promised to donate 100 million shares of Tencent stock, equal to 16.985 billion yuan ($24.75 billion), according to a newreport.
The report, released by the China Philanthropy Research Institute of Beijing Normal University and Shenzhen Global Philanthropy Institute in January, listed 100 Chinese donors who together donated a total of 37.9 billion yuan, hitting a newhigh.
The list highlighted 100 philanthropists who have each donated more than 15 million yuan, and 66 of them appeared on the list for the first time. The selection benchmark of 15 million yuan was also anewhigh, the report said.
The top five donors include Shanda Chairman and Chief Executive Chen Tianqiao, together with his wife Chrissy Qianqian Luo, Tencent co-founder and former senior executive Chen Yidan, China Oceanwide Holdings Chairman and President Lu Zhiqiang, and tech firm Born Group Chairman andChief Executive Xiong Xinxiang.
According to the report, 24 out of 100 philanthropists came from Guangdong province, and 32 out of the total worked at the property industry.
Meanwhile, some younger donors appeared on the list last year. The top three philanthropists on the list, along with 10 other donors, were born in the 1970s. Three donors on the list were born in the 1980s.
The report also found that internet industry players contributed the most in terms of amounts. With a total of 21.3 billion yuan, their donation amounts account for 56 percent of the total, more than tripled the donation from property industry players.
Cheng Yu contributed to this story.