Feature story: Politics & Society
Bad press
December 2009: Private philanthropy in China has a tarnished public image. But it's all a misunderstanding
Philanthropy in China is typically done on the quiet. Activities take place behind the scenes, far from the media spotlight. But Jack Ma is not known for his reticence. In late September, the Alibaba Group chairman and CEO broke with tradition by announcing that his firm would donate US$5 million to the micro-finance bank Grameen Trust to help establish Grameen China.
Ma explained the move in an internal memo to employees: "Money and wealth are two different concepts. If you have...
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