558 Jiang Charity Fund (1/2)
Chapter 558: Jiang Charity Fund
Translator: _Min_Editor: Caron_
With the cooperation of Xin, the news only provided a brief summary of the explosion that happened a day ago. News of the first round of the business forum concluding without a happy ending was suppressed due to ”consideration of the bigger picture.”
Afterward, the media was engaged by another piece of news.
The President of Future Group conducted a news conference and announced the establishment of a personal charity fund named Jiang Charity Fund with an initial fund of 300 million USD. He suggested contributing at least 500 million USD every year. The charitable fund was a non-public fund by nature and the fund was mostly concerned with building education, health, and public infrastructure in poor areas.
The head of Han Charity Organization and the mayor of Shangjin all highly praised Jiang Chen's generosity. The media all heaped an overwhelming amount of praise on him. Xin's President, Zhang Yapin, spoke to the media saying that there were no limits when it came to charity and Jiang Chen's actions would become a symbol of friendship between the two countries.
At the same time, Hua's number one official expressed his agreement.
The fund manager was a man named Wu Botao arranged by the Liu family.
Jiang Chen didn't want Future Group to be too involved with the daily operations of the fund and fully relinquished control to the Liu family. If anything happened, they just needed to bring this Wu Botao out as a scapegoat and this wouldn't negatively influence Future Group.
300 million USD was approximately one-tenth of Future Group's profits in Hua. Of course, this number would probably more than double next year because the server for the Phantom would come online by the beginning of next year when the worldly virtual reality MMORPGwould be officially released. A lot of Wall Street analysts provided estimates that as long as no problems existed with the operation, just the MMORPG would generate at least 2 billion USD in annual profit.
And this didn't include the one time profit of selling the helmet.
Quite comically, the netizens of Hua didn't bring up many opinions about Jiang Chen in the ”delegation” since they always viewed Jiang Chen as their own.
The reason why nobody brought it up was because the two countries were not comparable in terms of power - there was a friendly relationship, no competition, a high number of cultural similarities, and a common enemy. If Jiang Chen immigrated to the other country and it was exposed by the public, he would be criticized half dead by keyboard warriors.
But with the charitable fund becoming public, no one cared about his nationality. With Future Group's purposeful manipulation of public opinion, major social media outlets once again were flooded by the generous rich. Although Jiang Chen didn't care how people viewed him, to be frank, he felt good when so many praised him.
Especially when all the girls on Weibo spammed ”Jiang Chen, Jiang Chen, I want to bear your baby” or ”Nation's husband, mua mua mua”…
Wait, something wasn't right.
Whatever.
Let's put the charitable cause aside.
The Zhou family, who put up a good attitude, began to feel worried when Jiang Chen didn't contact them.