According to the latest official list, the founder of an E-commerce platform, ‘Alibaba’, Jack Ma has been named by Forbes China as the most generous Chinese Entrepreneur of 2020. Jack Ma retired back in the year 2019; however, when he was 56 years old, he has been appreciated by the public for his continue efforts towards the e-commerce industry.
He is also lauded for his donation work as in 2020 Jack Ma and Hangzhou-based Alibaba has donated a combined donation of around 3.2 billion yuan that are approximately equals to $493.4 million in US dollars.
Moreover, according to the Forbes ranking he remained among the top most people for huge donation. Alibaba is the owner of South China Morning Post; however, they donate much that is the symbol of generosity.
The donations from Chinese tech billionaires is becoming common as well as frequent increased has been noticed by the giant firms in terms of donations that is apart from the company’s profits and developments.