Corporate China opens its wallet to fight coronavirus outbreak

Companies hope donations please investors and Xi Jinping

20200205 donation from another province

Medical workers unload medical supplies donated from another province in Wuhan, in central China's Hubei Province, on Jan. 26. © AP

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

TOKYO -- The deadly coronavirus outbreak is giving China Inc. a chance to show its charitable side -- and score points with Beijing and social conscious shareholders in the process.

Around 130 listed companies have pledged about 725 million yuan ($104 million), either in cash or in kind, as of Thursday morning, according to a Nikkei Asian Review tally of official disclosures on the Shanghai and Shenzhen stock exchange websites.

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