Winter Olympics partner Anta’s owner donates shares worth US$1.2 billion to charity amid China’s common prosperity push

• The share transfer is part of Chinese tycoon Ding Shizhong and his family’s pledge to donate 10 billion yuan (US$1.6 billion) to Hemin Foundation
• The donation will help the company’s image as it contributes to China’s common prosperity drive and meets investors demand on ESG, analyst says