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China education
ChinaMoney & Wealth

Chinese universities lagging in race for donations

Mainland internet users have criticised tycoons for giving money to American colleges

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Soho China chairman Pan Shiyi and chief executive Zhang Xin at the company’s annual results announcement in Hong Kong in March last year. Photo: Dickson Lee.
Alice Yanin Shanghai

Donations by Chinese tycoons to Western universities have often triggered outrage from domestic critics, who accuse them of failing to support China’s education sector.

But experts say donors are cautious about giving to Chinese universities because the country’s donation soliciting system is fundamentally unsound and the way funds are used is opaque.

The latest donation, which made international headlines, was from mainland billionaires Chen Tianqiao and Chrissy Luo Qianqian, the founders of internet game giant Shanda. Chen and Luo, his wife, announced last month they were donating US$115 million to the California Institute of Technology for brain research.

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That prompted Chinese internet users to ask the couple why they had not given the money to charities seeking to help poor children in China’s hinterland regions.

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One comment from Rao Yi, an outspoken Peking University professor, reposted widely on social media said it was a “typical mistake” for Chen and Luo to choose Caltech, which has a long history in biological and brain science studies, instead of China’s rising education sector, China Business News reported.

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