Abstract:
On August 30, Li Guoqing recently posted a video on social platforms saying that he had sold shares related to Dangdang and invested a total of 50 million yuan in the public welfare field, focusing on funding children and education.
According to Li Guoqing, the 50 million yuan of public welfare funds is divided into two parts, of which 25 million yuan is allocated to the Li Xiang Life Public Welfare Department, and the use of funds is decided by the person in charge of public welfare; the other 25 million yuan is transferred to Li Guoqing and Zhang Danhong’s personal public welfare funds, and is decided and operated by Zhang Danhong and full-time secretary-general Liu Xinyu.
Li Guoqing emphasized that the fund is positioned as a funding fund, and the funds will be directly delivered to public welfare organizations that have mature results, rather than running projects themselves.
Li Guoqing said that as early as a year ago when he turned 60, he decided to prepare this charity fund and disposed of his Dangdang shares. Regarding this plan, his wife Zhang Danhong expressed support and would be deeply involved. He also joked that the other party was worried that he was too tired. This public welfare plan has also been understood by the board of directors and other shareholders.
In his opinion, the significance of doing this is more important than 50 million, which is to spread love and make the society believe that there is true love.
As early as January 2026, Li Guoqing publicly stated that he planned to spend 50 million yuan to establish a charity foundation to specifically help seriously ill children from low-income families. He also planned to raise a total of 500 million yuan from external funds.
It is reported that in 2019, Li Guoqing and Yu Yu started divorce proceedings. During the litigation, the industrial and commercial registration showed that Li Guoqing held 27.51% of the shares of Dangdang Kewen, Yu Yu held 64.20% of the shares, and the remaining 8.29% was held by the management.
The divorce judgment between the two took effect in 2023, but the two parties still had differences over the division of property, and the relevant disputes lasted until June 2025 before a settlement was reached. According to the settlement arrangement, Li Guoqing transferred all 27.51% of his shares, and Yu Yu's shareholding subsequently increased to 91.71%; Li Guoqing gave up all his shares in exchange for an undisclosed amount of cash compensation, and completely exited Dangdang.
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