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QINGDAO TODAY
在线翻译:
szdaily -> Shenzhen -> 
Tencent co-founder donates HK$4b for education causes
    2019-05-21  08:53    Shenzhen Daily

CHEN YIDAN, one of the co-founders of Tencent, donated more than HK$4 billion (US$510 million) worth of the company’s shares to establish a charitable trust for educational causes, Chen Yidan Foundation announced yesterday.

The donation procedure was completed last year. It was said that the total volume of donations contributed by Chen had reached nearly HK$10 billion, according to the Shenzhen Economic Daily.

“I want to promote global advanced education concepts and models in China, but more importantly, to ensure a real utilization of suitable and high-quality resources, as not all resources would be compatible with our situation,” said Chen while giving an interview to the Daily at the third China Internet Philanthropy Summit held recently in Guangzhou.

The money will be used in two aspects, namely the promotion of efficient applications of advanced education projects, including Yidan Prize-winning and Yidan Prize-nominated projects in China, and the support of others that are of significance to Chinese education, the report said.

Chen mentioned a reformed master’s degree program that contains four basic education classes for those who have already worked or are about to work in the education field. Chen said he wanted to introduce the project to China.

Early in 2016, Chen donated HK$2.5 billion to set up the Yidan Prize to promote education causes. Asked about the stories behind his new moves in education, Chen maintained that the idea was actually inspired by handling the Yidan Prize.

“We only select two for the Yidan Prize each year. However, the projects in the top 50, or 20, were brilliant and deserved promotion. On the other hand, we have seen more Chinese applicants for the prize, so I thought it was time to do more for Chinese education,” said Chen.

No Chinese have so far been awarded the prize. However, Chen advised the Chinese not to lose faith and to enjoy the process.

Apart from the Yidan Prize, Chen has led Tencent Foundation in cooperation with the Shenzhen Municipal Government to jointly set up Shenzhen Mingde Experimental School, a public school operated privately, donated 100 million yuan (US$14.47 billion) to Westlake University, and supported a variety of programs for the development of Shenzhen University and Southern University of Science and Technology.

Regarding these, Chen said that it was like planting seeds to grow them well.

Unlike the Yidan Prize, which only goes to two projects annually , the charitable trust will offer more opportunities, according to Chen. (Wang Jingli)

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