The chairman of one of China’s largest internet companies is looking to join the ranks of the technology world’s big philanthropists Mark Zuckerberg and Bill Gates, by donating more than $2bn to charity.
Pony Ma, who is founder and chief executive of Tencent Holdings, plans to cash in 100m company shares to make the donation to the Tencent Foundation, which gives money to healthcare, education and environmental protection in China, the company said yesterday.
Tencent shares in Hong Kong closed up 0.24 per cent at HK$165.7, making the donation worth about $2.1bn.
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