(Reuters) -JD.com CEO Richard Liu has pledged to donate shares of his company worth $2.34 Billion to charity. This is in addition to similar pledges made by other tech billionaires.

China is tightening its scrutiny on the tech sector including JD (NASDAQ.com:.com), and competing companies. Alibaba (NYSE:) Group Holding, as part of President Xi Jinping’s “common prosperity https://www.reuters.com/world/china/what-is-chinas-common-prosperity-drive-why-does-it-matter-2021-09-02” drive to ease inequality in the world’s second-largest economy.

Liu will give away about 62.4 million Class B ordinary JD shares, the company disclosed in a filing https://www.sec.gov/Archives/edgar/data/1549802/000119312522025112/d302215d6k.htm, without specifying the third-party foundation receiving the donation.

American depository shares (JD) were close to $1.9% lower on Wednesday, closing at 75.08 Tuesday.

Other big Chinese tech leaders who have ramped up charitable donations amid the government crackdown include ByteDance founder Zhang Yiming, who pledged https://www.reuters.com/world/asia-pacific/bytedance-founder-donates-77-million-amid-china-billionaires-charity-rush-2021-06-22 500 million yuan ($78.61 million) to the Chinese city of Longyan for education.

In June 2013, Meituan founder and chief executive Wang Xing filed a statement stating that he planned to donate shares in the amount of $2.27 trillion to his charity.

Tencent announced in April 2021 that it would spend 50 billion yuan on environmental and social projects, despite being under scrutiny by regulators.

($1 = 6.3605 )