360 Founder Zhou Hongyi Donates Auction Proceeds to Wang Xuan Care Foundation

TapTechNews June 14th news, according to 360 company's news, on June 13th, the car auction donation ceremony of Zhou Hongyi, the founder of 360 Group, was held in Beijing, and the donation ceremony was hosted by Zhao Xin, the full-time deputy secretary-general of the Wang Xuan Care Foundation.

360 Founder Zhou Hongyi Donates Auction Proceeds to Wang Xuan Care Foundation_0

Zhou Hongyi got 9.9 million yuan from the auction of the Maybach, and after deducting taxes, all of it was donated to the Wang Xuan Care Foundation in the name of himself and the buyer Chu Zhenliang. Han Qide, Academician of the Chinese Academy of Sciences, attended the donation ceremony and presented the donation certificates to Zhou Hongyi and Chu Zhenliang.

Previously, Zhou Hongyi held the activity of auctioning off the Maybach and embracing domestic new energy, and said that the auction money would be not keep a penny, and would be donated in full with the buyer to the Wang Xuan Care Foundation after tax.

Wang Xuan is the founder of computer Chinese character laser typesetting technology, Academician of the Chinese Academy of Sciences, and Academician of the Chinese Academy of Engineering. The Wang Xuan Care Foundation was established in June 2006 according to Wang Xuan's will, aiming to help members of the 93 Society and scientific and technological workers with financial difficulties, fund young scientific and technological research projects, promote cooperation among industry, universities and research institutes, and support fixed-point poverty alleviation and related public welfare activities.

TapTechNews summarizes the process of the incident:

On April 18th: Zhou Hongyi announced that he would sell his own car, the Maybach S600, and shouted to his competitors to send a car for experience. Subsequently, many brands' official Weibo such as Yang Wang, AWTAR, Zeekr, and Hypo initiated the queue up to send a car campaign.

On April 28th night: Zhou Hongyi held a second-hand Maybach auction and announced that he would sell his Maybach S600, which had accompanied him for 9 years, and finally it was auctioned off by President Chu (Chu Zhenliang) of Tian'an Second-hand Car for 9.9 million yuan.

On May 1st: Some netizens revealed that President Chu, who had previously spent 9.9 million yuan to auction off Zhou Hongyi's Maybach, still had not paid the balance. Later, the incident that President Chu has not paid the balance of 9.9 million yuan for the auctioned Maybach was discussed on the Internet.

On May 2nd morning: Zhou Hongyi, the founder and chairman of the 360 Group, responded that President Chu needs some time to raise the funds, just wait patiently.

360 Founder Zhou Hongyi Donates Auction Proceeds to Wang Xuan Care Foundation_1

On May 2nd night, President Chu responded to the rumored events through live streaming, posting videos, etc. He said that the original intention of this auction was to endorse for the second-hand car industry, and set a positive image of integrity and transparency for the industry and promote the further development of the second-hand car industry. The 9.9 million yuan of this auction has been paid as promised after raising funds, and the transfer and delivery of the vehicle are also in progress.

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