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Chinese motorcycle tycoon donates US$735,000 to flood victims after clearing US$15 million debt

Asia-Pacific 1 source 1 country 🔦 Under-reported 52m ago

Chinese motorcycle tycoon Zhang Xue has donated five million yuan (approximately US$735,000) to victims of flooding in Guangxi Zhuang autonomous region in southern China. The donation was made shortly after Zhang cleared a 100-million-yuan (US$15 million) corporate debt.

The timing of the donation—coming immediately after resolving a substantial debt obligation—has drawn significant attention online, with many observers noting the gesture as noteworthy. Guangxi, located in southern China, was struck by heavy rainfall that caused flooding in the region.

The donation represents a substantial financial contribution to flood relief efforts in the affected autonomous region.

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Read the full story at the source South China Morning Post · HK