Ma Hu­ateng is top donor in China

China Daily (Canada) - - BUSINESS -

MaHu­ateng, chair­man and CEO of Ten­cent, was named China’s big­gest do­na­tor from 2011 to 2016, do­nat­ing up to 17.235 bil­lion yuan ($2.5 bil­lion), in a re­port re­leased in April by the China Phi­lan­thropy Re­search In­sti­tute of Bei­jing Nor­mal Univer­sity and China Global Phi­lan­thropy In­sti­tute. He was fol­lowed by Alibaba Group Chair­man Jack Ma, who do­nated 17.193 bil­lion yuan. The re­port said for the 123 do­na­tors who do­nated more than 100 mil­lion yuan dur­ing the past six years, most of the do­na­tions were emo­tional, short-term and un­sus­tain­able. About half, it added, were re­lated to com­mer­cial strat­egy.

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