New gen­er­a­tion of phi­lan­thropists hit a new high for do­na­tions to char­ity

China Daily (Canada) - - BUSINESS - By ZHU WENQIAN zhuwen­qian@chi­nadaily.com.cn

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.

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