Wealth and Asset Management
Lu Weiding Named the Most Generous Chinese Philanthropist
Lu Weiding, chief executive of China’s largest auto components company Wanxiang Group, became the country’s most generous philanthropist, with a single donation of US$720 million in the year ending March 31, according to Hurun Philanthropist List. Lu, 48, nicknamed “Auto Parts King,” made the donation through shares of a subsidiary…
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