Alibaba’s Jack Ma announces plans to focus on philanthropy. China’s richest man and chairman of Alibaba, Jack Ma is set to retire from his corporate position next week to focus on philanthropy and his passion for teaching. In an interview with Bloomberg, Ma said that he would like to lay the groundwork for the Jack Ma Foundation to help teachers and kindergartens in rural areas. “There’s a lot of things I can learn from Bill Gates. I can never be as rich, but one thing I can do better is to retire earlier,” Ma said in the interview. “I think someday, and soon, I’ll go back to teaching. This is something I think I can do much better than being CEO of Alibaba.”
Asteroid named after Taiwanese philanthropic vendor. Chen Shu-chu, a retired vegetable vendor and philanthropist, recently had an asteroid named after her by the Lulin Observatory operated by Taiwan’s National Central University. Chen is known for her good deeds that were brought to light by local and foreign media. She was honored as one of the 100 most influential figures listed by the Time magazine in 2010 for contributing over NT$10 million (US$325,000) to different charitable causes. In 2012, Chen was one of six winners of the Ramon Magsaysay Award for helping the poor, receiving a US$50,000 cash prize which she donated to the Taitung branch of Mackay Memorial Hospital. “Money serves its end only when it can help people in need,” said Chen.
“Minds Wide Open” documentary shows that increased support for fundamental brain research is crucial to achieving major breakthroughs. Earlier this month, the Tianqiao and Chrissy Chen Institute (TCCI), a nonprofit aiming to deepen the understanding of the human brain, hosted an international meeting in Shanghai. The event brought together top scientists and doctors working on brain-related topics in the United States and China. TCCI also released the “Minds Wide Open” documentary this week in the hopes that it would make the case that more support for fundamental brain science is needed if we are to keep achieving significant breakthroughs. The Chens, founders of the TCCI, have committed US$1 billion for this cause. The documentary will be available on Apple iTunes, Amazon Video, and Google Play from September 19 onwards. All proceeds from the film will be donated to causes chosen by Brandon, Chelsea, Eric, Lisa, and Violet—five patients featured in the film. Watch the 25-minute version of the film here.
Businesses thrive when they benefit society, says Hiroaki Nakanishi. Keidanren (Japan Business Federation) chair and chairman of Hitachi, Hiroaki Nakanishi preached the values of a sustainable and socially responsible business in an interview with The Asahi Shimbun. In fact, Keidanren made the United Nations Sustainable Development Goals the guiding principles of its Charter of Corporate Behavior when it was revised in November. Explaining that Japanese businesses previously thought creating high-quality products and generating profits was the end of their responsibility to society, Nakanishi said that this attitude and way of thinking is increasingly changing in the private sector in Japan.
Five moon bears rescued by Hong Kong-based charity from a bile farm in Vietnam after being trapped in cages for 21 years. Animals Asia, a Hong Kong-based charity, has rescued five moon bears from a bile farm in Vietnam after more than 21 years in cages. After a five-day journey, the bears are now at the organization’s Vietnam Bear Rescue Center, a sanctuary in Tam Dao National Park. In 2017, Animals Asia signed a deal with the Vietnamese government to relocate the around 800 bears who remain on farms in the country to sanctuaries. So far, the charity has rescued 177 bears.
Didi Chuxing to pay promised reward to rescue team via charity donation. Didi Chuxing, China’s ride-hailing company, is to pay the reward of 1 million yuan (US$160,000) it promised for information relating to the whereabouts of a driver suspected of killing a passenger earlier this year. A Zhengzhou-based water rescue team found a body in a local river and after several unsuccessful attempts to contact the company and claim the reward, filed a lawsuit in August. The reward money will reportedly be donated to a charity in Zhengzhou and be dedicated to the water rescue team that received the body of the suspect. Niu Zhenxi, head of the rescue team, said that members of his team have agreed to accept the donation via the Zhengzhou Charity Federation. Didi Chuxing has also announced that it will donate another 1 million yuan to the China Foundation for Justice and Courage, a national public fundraising foundation headed by China’s Ministry of Public Security.
Volunteering mobile application allows users to get points to redeem gifts. Chen Yew Nah, managing director of Zeles, always had a passion for helping others but soon realized that there was a gap in the feedback system. Zeles aims to encourage more volunteers to come forward, connects them with various corporations and causes, and allows users to redeem food and retail vouchers in return. Additionally, the in-application chat function allows volunteers to send feedback to the organizations they are working at. The application currently has 2,000 volunteers and numerous voluntary host organizations such as the Society for the Prevention of Cruelty to Animals and Association for Persons With Special Needs.
Army of volunteers boosting support for the Thai King. The Volunteer Spirit scheme, officially started last year by Thai King Maha Vajiralongkorn, has created a new army of civilians who have pledged allegiance to the King and are boosting his image ahead of his formal coronation at the year-end. Over four million volunteers have joined the scheme, carrying out a range of tasks from cleaning public spaces to helping police direct traffic. Their most high-profile activity came when the volunteers joined an international effort to rescue 12 boys and their soccer coach from a flooded cave last month.
China continues to toughen the crackdown on dishonest behaviors in charity work. The Ministry of Civil Affairs has intensified its campaign to crack down on dishonest behaviors in charity work. Most recently, the Ministry of Civil Affairs released a regulation that required charities to provide factual information to the public, putting it into effect on September 1, 2018. The ministry has also established the “Charity in China” website that publishes information about charities. Early this year, the government established a mechanism that shares information on charities’ credibility, specified five types of dishonest entities, and stipulated 24 punishment measures.
Korean tax agency clamps down on tax-evading foundations. A conglomerate-affiliated cultural foundation received cash from three corporate subsidiaries under the pretense of building a memorial hall, which instead was revealed to have been used to purchasing land surrounding the birthplace of the conglomerate’s founder. The National Tax Service (NTS), Korea’s governmental tax agency, retracted the gift tax exemption given to this foundation and slapped a ₩3 billion (US$2.67 million) tax. The NTS said that since the second half of last year, a special team has investigated nearly 200 charitable foundations owned by conglomerates and found 36 instances of tax evasion, totaling a tax figure of ₩41 billion (approximately US$36.3 million). “In recent years, the founding families of conglomerates have been using their charity foundations for personal purposes, including strengthening their governance, said an NTS official.