Chinese billionaire Richard Liu Qiangdong, founder and chairman of JD.com, has continued his annual tradition of giving back to his hometown, Guangming Village in Suqian, Jiangsu Province. In gratitude for the villagers’ support during his university years, Liu distributes 10,000 yuan (approximately ₹1.14 lakh) to each resident aged 60 and above, along with gifts such as food, clothing, and home appliances to every household. citeturn0search0
In the early 1990s, Liu’s fellow villagers pooled together 500 yuan (around ₹5,700) and 76 eggs to help fund his education at China Renmin University in Beijing. Recognizing this generosity as the foundation of his success, Liu began his gift-giving tradition in 2016. Now 50 years old, Liu’s net worth is estimated at 49.5 billion yuan (approximately ₹5,600 crore). citeturn0search1
The villagers express deep appreciation for Liu’s continued support. A 71-year-old resident remarked, “Even if Liu doesn’t give us gifts in the future, we are still grateful. He has no obligation to do this, and his wealth is hard-earned.” citeturn0search1
Liu’s philanthropic efforts have been widely praised on social media, with many lauding him as a “good entrepreneur with a conscience.” citeturn0search2
