Leaders often grabble with crisis by going into survival mode—that is, by cutting costs and doing everything in their power to keep the business afloat. But one of China’s richest women is doing the exact opposite: Yang Huiyan is giving charity over half of her company, just as it struggles with the country’s real estate crisis.
Huiyan, who is chair of Country Garden Services Holdings Company, is giving about 55% of her personal stake in the property management firm, which is equivalent to about $826 million, to a charity founded by her younger sister.
