China billionaire gifts cash to hometown villagers as thanks for education funds decades ago

A billionaire in China gifts cash and gifts to the villagers in his hometown who helped fund his university education decades ago. - Photo: SCMP composite/Douyin

BEIJING: 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.