CHINA Peking University receives biggest individual donation

CHINA

Peking University receives biggest individual donation

People's Daily app

15:12, March 03, 2021

Peking University on Wednesday received a donation of one billion yuan ($155 million) from an alumnus, marking the largest donation from an individual and alumnus since the founding of Peking University.

Li Yongxin, founder of Zhonggong Education Group and a Peking University alumnus. (Photo: Peking University)

Li Yongxin, founder of Zhonggong Education Group and a Peking University alumnus, made the donation to establish the Peking University Zhonggong Education Development Fund. The money will be used to support the development of Peking University, including setting up scholarships, grants and fellowships.

(Compiled by Lin Xiaojie; Edited by Yang Yang)

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