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Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Tech 2024-10-09 18:05:46 Source: Network
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Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the USIn 2020, when the COVID-19 pandemic broke out, people across China united to overcome the difficulties. However, Pan Shiyi, a leading real estate tycoon in China, did not donate a single penny during the pandemic

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

In 2020, when the COVID-19 pandemic broke out, people across China united to overcome the difficulties. However, Pan Shiyi, a leading real estate tycoon in China, did not donate a single penny during the pandemic. Instead, he donated a hefty 600 million yuan to the United States. Now, facing hardships in the US, Pan Shiyi has sparked heated discussions amongst netizens.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

During the Spring Festival of 2020, the sudden arrival of the COVID-19 pandemic swept across China. Medical staff worked tirelessly on the frontlines, citizens rallied together, and various individuals generously donated. Jack Ma personally donated 100 million yuan, Alibaba donated 1 billion yuan, and Wanda Group donated 10 million yuan, along with tens of billions of yuan in rent and property fee reductions for merchants. However, Pan Shiyi, with hundreds of billions of assets under his name, remained indifferent and refused to donate a single penny. He merely posted on social media, "Cheering for our homeland!" This action drew widespread criticism from netizens, who believed that as a wealthy and influential figure, he should give back to society after benefiting from national policies and public wealth.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

However, Pan Shiyi's "generosity" seemed reserved solely for the United States. Starting in 2014, he gradually donated to Harvard University and Yale University, with the initial donation to Harvard reaching 100 million yuan. His total donations over the years have accumulated to 600 million yuan. In contrast, his charitable projects in China are scarce. Other than building toilets in his hometown with his wife Zhang Xin, there are hardly any other noteworthy charitable activities.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Pan Shiyi's "American complex" has long been evident. Introduced by a friend, he met his wife Zhang Xin, a successful woman in the American financial sector. At that time, Zhang Xin's annual salary was already in the millions, and they smoothly entered into a relationship. Without Pan Shiyi, Zhang Xin would have already settled in the United States and become a US citizen. Although Pan Shiyi's presence changed her plans, both of them seem to have a special affection for America.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

After achieving peak success in his domestic business, Pan Shiyi registered multiple companies in the United States and generously donated to prestigious American universities. In 2010, Zhang Xin became a US citizen, and soon after, in 2014, Pan Shiyi donated to Harvard University. They quickly relocated their family to the United States. In 2019, their son Pan Shao successfully entered Harvard College. In 2022, Pan Shiyi began selling his SOHO shares, preparing for his move to the United States. All these signs make it hard to deny that Pan Shiyi had long set his sights on America, preparing to leave China completely.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

When asked about domestic education, Zhang Xin candidly stated that she would absolutely not allow her children to receive education in China. This statement reflects Pan Shiyi's attitude as well. They seem to be in unison regarding their educational beliefs, and also in other aspects.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Regarding the reason for donating to America, Pan Shiyi once said, "The money I donate isn't for America, but for underprivileged students studying at Harvard." However, the host countered, "There are no poor students who can get into Harvard. True underprivileged students are all in China." Faced with this question, Pan Shiyi could only awkwardly smile without providing a direct response.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Netizens speculate that Pan Shiyi's donations to Harvard University were an attempt to please the US and prepare for his future immigration. This isn't completely unfounded. His son's successful admission to Harvard could be linked to his 600 million yuan donation. Pan Shiyi's actions in 2022 when he sold his SOHO shares also confirm this speculation. He has completely shifted his focus to the American market.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

However, Pan Shiyi's journey in the American market isn't as smooth as it was back home. In 2023, Silicon Valley Bank collapsed, causing significant losses for Pan Shiyi. This year, netizens have seen him sell his American properties at discounted prices. The once-mighty real estate tycoon has now fallen from grace in the US, drawing sighs of pity from netizens.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

Pan Shiyi's experience has sparked reflections on social responsibility. As social elites, they should shoulder their responsibilities, not just focus on their self-interest, but also pay attention to societal development. Everyone has their own social responsibility, especially those who possess vast wealth. However, Pan Shiyi seems to have disregarded this. Perhaps in his eyes, the grass is greener on the other side, and therefore, there's no need to invest in a place he's destined to leave.

Pan Shiyi: Generous to America, Stingy to China, Now Falls from Grace in the US

But the reality is, the moon isn't brighter anywhere else than in our homeland. A country is the foundation for a home. It's because of the support of our country that we can stand tall. Those who abandon their homeland will ultimately be abandoned by their homeland, destined to wander aimlessly for the rest of their lives.


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