Huang Zheng donated 100 million dollars to Zhejiang University, how can Zhejiang University properly utilize the money?

Talking about Huang Zheng may be unfamiliar to most people, but when it comes to Pinduoduo, I'm sure most people are familiar with it. Huang Zheng, one of the founders of Pinduoduo, graduated from Zhejiang University, since the founding of Pinduoduo served as chairman of the board of directors, leading Pinduoduo to fight a piece of heaven and earth, in just a few years, the seller's active volume more than Taobao, Jingdong, successfully stood out in the e-commerce platform. Pinduoduo business method focuses on affordability, the purpose is to spell buy cheaper, attracting many consumers. On March 16, 2021, it was announced that he resigned as chairman of Pinduoduo to devote his future time to scientific research. And generously donated 100 million U.S. dollars, equivalent to 650 million yuan, to his alma mater, Zhejiang University, which will arrive in five years.

For such a large sum of money, Zhejiang University has also set up a scientific research foundation, which is committed to training more researchers, which is also the value of the investment where investors are.

Zhejiang University Education Foundation and prosperous star public welfare fund signed a donation agreement to set up ? Zhejiang University Shanghai Institute for Advanced Study Fanxing Science Foundation?

The Foundation signed a donation agreement with Pansum Public Welfare Fund to establish the Pansum Science Fund of Zhejiang University Shanghai Institute of Advanced Studies, which promotes basic research and cutting-edge exploration of Zhejiang University in the cross-cutting directions of biology, medical care, agriculture and food.

For this fund, as an educational base of Zhejiang University, the first will be invested in talent cultivation. Cultivate more students with good character and academic excellence, and be a useful scientific researchers to the society. According to the investor Huang Zheng said: his dream is to engage in scientific research, but because he has had experience in business, in the field of scientific research from the business specialization, may not be able to do better. Investment and alma mater, cultivate talents at the same time, but also indirectly realize self-worth.

Secondly, the money will be used to buy teaching equipment, with better equipment teaching equipment, in order to better explore the field of scientific research, to maximize the value.

It is also the pride of my alma mater to have trained such an outstanding student like Huang Zheng, and I hope Zhejiang University can train more students like Huang Zheng in the future.