Chinese entrepreneurs’ philanthropy helps lure world-class scholars

Chinese entrepreneurs’ philanthropy helps lure world-class scholars

China’s growing number of universities funded by entrepreneurs are attracting more world-class scholars, aligning with Beijing’s intensifying push for hi-tech self-sufficiency, analysts said. Fuzhou’s Fuyao University of Science and Technology (FYUST), established with a US$10 billion donation from billionaire Cao Dewang, the chairman of glass manufacturer Fuyao Group, began enrolling students this year, and says…

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Who is Yu Renrong, China’s only chip industry representative at Xi Jinping’s symposium?

Who is Yu Renrong, China’s only chip industry representative at Xi Jinping’s symposium?

Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…

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