GIVING BACK: The founders of Chinese internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as US$3bil (RM9.8bil), making it one of the biggest in Asia. — Reuters
BEIJING: The founders of Chinese internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as US$3bil (RM9.8bil), making it one of the biggest in Asia.
Jack Ma, Alibaba's founder and executive chair, and Joe Tsai, a co-founder of Alibaba, created the trust that will be funded by share options that represent about 2% of their combined equity in Alibaba, the company said in a statement on its microblog on Thursday.
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