Accessibility links

Breaking News

Q&A Beattie / Zweig / Bill Gates / China / Philanthropy

please wait

No media source currently available

0:00 0:05:22 0:00

Microsoft Founder And Philanthropist Bill Gates Wrote An Artcle This Week In The Chinese State-Run Peoples Daily. In It ... He Called On China's Wealthy Elite To Donate More To The Poor. Gates Said He Is Confident That Investing In The Poor Will Bring Rewards Calling It As Exciting As Success In Business, And More Rewarding. Gates, Who Co-Chairs The $40-Billion Bill And Melinda Gates Foundation, Which Operates In More Than 100 Countries, Said If We Help The Poor To Rid Themselves Of Illnesses And Problems, The Entire World Can Achieve Sustainable Development. The Hurun Research Institute's 2014 Global Rich List Includes 358 Billionaires In China, Second Only To The United States. Meanwhile, The 2013 World Charity Ranking of 135 Countries Listed China as 133rd In Percentage Of People Who Donate Money,Volunteer Or Help A Stranger, However, China Ranked First In The Number Of People, 373 Million, Who Helped A Stranger In Any Given Month. And, At Least One Major Chinese Company, Internet Firm Alibaba Announced Friday It Has Set Up A Charitable Trust That Could Be Worth $3-Billion. Co-Founders Jack Ma And Joe Tsai Said The Trust Will Be Funded By Share Options Thay Own Representing About 2% Of The Company's Equity. The Trust Is Being Set Up As Alibaba Prepares For A Highly-Anticipated Initial Public Offering (Or IPO) That Some Analysts Say Could Value The Company At More Than $150-Billion. David Zweig Is Director Of The Kong Kong University Of Science And Technology's Center On China's Transnational Relations. Speaking With VOA's Victor Beattie, He Said He Was Surprised The Peoples Daily Allowed Gates To Write His Appeal ... (Q&A Beattie / Zweig )