27 Jan '11, 5am

A Chinese tycoon paid a visit to Taiwan to hand out $3,000 hongbaos - he intends to give out more than NT$15 million

TAIPEI - CHINA'S most famous philanthropist on Thursday started handing out cash on the first day of a controversial trip to Taiwan that has sparked criticism and protests from anti-China groups. Chen Guangbiao, who made his fortune recycling construction materials, handed three traditional 'red envelopes' containing a total of NT$70,000 (S$3,080) to a woman who had been waiting for him at his hotel in Taipei. 'I've never counted so many banknotes. I don't know what to do. I will use the money to take care of my 88-year-old mother,' the woman told reporters, her voice cracking with emotion. Mr Chen, who is well-known in China for his flamboyant style of charity, held up a wad of NT$2,000 notes spread out in a fan shape, surrounded by a crowd of photographers and cameramen. Mr Chen, leading a group of businessmen from China, arrived in an airport outside Taipei late on Wedn...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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