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Midea Founder Finds Golden Touch in China Philanthropy

Midea Group founder He Xiangjian led the list of China 100 biggest philanthropists in 2017. The individuals on the list gave away 23.3 billion yuan ($3.7 billion) last year, a drop of over one-third year-on-year. Photo: VCG

Founder of home appliance-maker Midea Group Co. Ltd. He Xiangjian donated 6.8 billion yuan ($1.09 billon) to charity last year, leading the list of China’s top 100 philanthropists for the first time.

The top 100 givers on the Chinese mainland donated 23.3 billion yuan in total last year, according to a report published Tuesday by Beijing Normal University’s China Philanthropy Research Institute.

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