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Founder of China's Tencent to give US$2b in shares to charity

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Published Tue, Apr 19, 2016 · 09:50 PM

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Shanghai

THE founder of China's Tencent Holdings Ltd, Pony Ma, said that he plans to donate 100 million company shares, worth more than US$2 billion, to the firm's charity foundation in one of China's biggest philanthropic pledges ever.

Mr Ma, whose fortune is estimated to be about US$18.8 billion, said that the donation would go towards supporting medical, educational and environmental causes in China.

Tencent

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