By South China Morning Post | Created at 2025-01-13 06:11:15 | Updated at 2025-01-13 08:51:08
2 hours ago
Chinese billionaire Richard Liu Qiangdong has moved villagers in his hometown in eastern China by saying that he would distribute gifts to them again.
The expressions of gratitude includes 10,000 yuan (US$1,400) in cash to each individual over the age of 60.
Liu’s annual practice in Guangming Village, Suqian, Jiangsu province,comes ahead of the Lunar New Year.
The billionaire says he is eternally grateful for his fellow villagers who donated a combined 500 yuan (US$70) and 76 eggs for him when he went to Beijing to study at a university in the early 1990s.
Liu, 50, is the founder and chairman of JD.com, the country’s leading e-commerce website.
According to the Hurun Global Rich List released in April of last year, Liu’s net worth was 49.5 billion yuan (US$6.8 billion), placing him 427th in the list of global tycoons.
