Ma Huateng and Ma Yun, the top two largest donors in China over the past six years.
This week the “China billion yuan donors and strategic philanthropy development report” was released, which praises the 123 Chinese philanthropists who donated more than 100 million yuan over the last six years. Prepared by China Philanthropy Research Institute and China Global Philanthropy Institute of Shenzhen, the report also tallies up their combined donations over the past six years, which amounts to over 110 billion yuan.
At the top of the list of donors is the CEO of Chinese Internet conglomerate Tencent Holdings, Ma Huateng, who over the past six years donated 17.2 billion yuan to charities. In second is the chairman of e-commerce giant Alibaba, Jack Ma, who donated 17 billion yuan to charities in many fields, including environmental protection organizations, scientific research institutes, and charitable trusts. In third place on the list was Yili Resources chairman Wang Wenbiao, who donated more than 10 billion yuan.
The report also aims to clarify why these philanthropists donated to certain charities. According to research done in preparation for the report, more than half of the donors chose their recipients due to business strategies, while 35% of the donors chose based on personal preferences. An additional 15% donors based their charity giving choices on wealth planning.