Hong Kong’s Richest Man Donates $127 Million to Local Businesses
- Li Ka-shing Foundation donates $127 million to help businesses
- Tycoon had earlier given $78 million to two universities
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Under fire from Beijing for seeking leniency for Hong Kong’s young protesters, billionaire Li Ka-shing is giving away more money to help heal a city roiled by months of political unrest.
The Li Ka-shing Foundation said Friday that it would donate HK$1 billion ($127 million) to help local small and medium firms weather the “unprecedented challenges” facing the city’s economy. The move comes less than two months after the charity gave $64 million to a local university.