Alibaba founder Jack Ma, hosted his world famous Xin philanthropy conference in Hangzhou, China this past weekend. The conference was a one-of-a-kind event as no other philanthropic meeting of this caliber has ever been hosted. What made this event unique was its goal of synergizing local philanthropists and chinese experts in an effort to improve the infrastructure and future of China.
Ma, looks to achieve this goal by utilizing the 1 million plus Chinese millionaires currently living in their home country. The conference acted as a motivational and informational tool for philanthropists from all over. Ma, himself being one of the most influential people of the 21st century lead the conference and handled the structure and content. Since founding Alibaba, Ma has paved the way in philanthropic responsibility by creating many foundations and dispersing generous donations throughout the world.
In attendance were over 1,000 of the most well known philanthropists in China. Some notable names included Salman Khan (Khan Academy), Yao Ming and Gordon Brown, the former Prime Minister of the United Kingdom. During the conference there were 5 panels that discussed current issues involving health care, education and many other current events and how they may relate to philanthropic causes.
The overall attendance of this event was a catalyst to the philanthropic growth that is necessary in the years moving forward for China. Over the past few years, Jack Ma has expressed his concerns with the lack of philanthropy in China even with the current abundance of millionaires and more to come in the future.
He utilized this conference in such a way that shows how important philanthropy actually is to the Chinese Infrastructure in hopes of jumpstarting a philanthropic movement. During the conference many different donation methods were discussed that businesses can utilize in order to donate a portion of their sales to charitable causes. If utilized this system can one of the most effective tools in improving Chinese infrastructure.
“Everyone should have the opportunity to make the world better”- Jack Ma, Alibaba Foundation