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ЭЛЕКТРОННОЕ НАУЧНО-ТЕХНИЧЕСКОЕ ИЗДАНИЕ НАУКА и ОБРАЗОВАНИЕ
EL № FS 77 - 30569. №0421100025. ISSN 1994-0408
CHINA: 50 tycoons gave $146.5 million to universities

# 01, January 2010
A ranking of Chinese tycoons' donations to their alma maters has been released, following the controversy over entrepreneur Zhang Lei who gave a record US$8,888,888 to Yale University, China Daily-Asia News reports. The ranking, published by an independent Chinese website, included more than 50 tycoons who donated a total of over one billion yuan (US$146.5 million) to the Chinese universities they attended.


The website www.cuaa.net, which focuses on alumni affairs, carried out research on tycoons listed in five rich lists, including Hurun and Forbes, from 1999 to last year, and found alumni from Zhejiang University "the most generous".

Duan Yongping, 49, a tycoon involved in the electronic appliance business, topped the list for having donated 248 million yuan to Zhejiang University. Duan, who studied at Zhejiang University from 1977 to 1982, ranked 71st on the Forbes rich list in 2003 and 340th with a fortune of three billion yuan on last year's Hurun rich list.


Full story at China Daily/Asia News web site

Photo: School of Management, Zhejiang University


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