Jack Ma’s influence in the world has gotten bigger since he stepped down as chairman of Alibaba Group. YahooFinance
-- Jack Ma’s influence in the world has gotten bigger since he stepped down as chairman of Alibaba Group Holding Ltd.
While wealthy Westerners such as Bill Gates regularly conduct large-scale philanthropic efforts and win praise from politicians, in China it’s a relatively new phenomenon. The Communist Party has an uneasy relationship with billionaires, viewing them as both a necessary evil of private sector-led growth needed to boost incomes and a potential threat if they become too powerful.
Knowledge is power! We launched an online platform for doctors and nurses around the world to exchange ideas, lessons and know-how to fight the virus. We welcome all hospitals to join Chinese hospitals on this open platform https://t.co/WfQEbdmgym. One world, one fight!Other Chinese tech giants also showed their philanthropy. Xiaomi Corp., co-founded by Lei Jun, pledged coronavirus relief for India, where the communications-equipment maker generates lots of revenue.
‘Friendly Sentiments’“We appreciate the kind donation made by Jack Ma Foundation and Alibaba Foundation, which vividly illustrates the friendly sentiments of the Chinese people toward the African people,” foreign ministry spokesman Geng Shuang said at a March 23 press briefing in Beijing. He added that China would “continue to coordinate and encourage Chinese enterprises and private institutions to actively provide support to African countries.
“I got rumors from outside China saying ‘It’s because the government wants to push you down.’ Nobody can.” He said he’d been planning his exit for a decade, and wanted to lead the way for Chinese entrepreneurs in passing on a major company to professionals, rather than creating another family dynasty.
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