Chinese motorcycle tycoon donates US$735,000 to flood victims after clearing US$15 million debt

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Chinese motorcycle tycoon Zhang Xue has donated US$735,000 to flood victims in Guangxi after clearing a corporate debt of US$15 million. The donation comes in response to heavy rains and flooding in Guangxi Zhuang autonomous region, which caused dam breaches and claimed 39 lives.

Chinese motorcycle tycoon Zhang Xue has donated five million yuan (US$735,000) to flood-stricken Guangxi right after clearing a 100-million-yuan (US$15 million) corporate debt, moving many online. Guangxi Zhuang autonomous region, in southern China, was hit by heavy rains that caused dam breaches and flooding, which had killed 39 people. On July 9, the founder of motorcycle manufacturer ZXMOTO posted on his social media account that the company had donated five million yuan to the Guangxi...