Peking University Received Largest Individual Donation from VET Tycoon
Founder of Zhonggong Education Group (Offcn Education Technology) LI Yongxin donated US$15m (RMB 100m) to his alma mater, Peking University. The fund will be used to offer scholarships to students and academics and arrange guest lecturers and speakers. This is the largest individual donation that Peking University has ever received. LI Yongxin is considered as one of the three Chinese education “tycoons”; the other two – YU Minhong, Founder of New Oriental, and ZHANG Bangxin, Founder of TAL Education Group, are also alumni of Peking University – they each donated USD8m in 2018.