Wang Haili was facing the dire prospect of shutting down his semiconductor business when he reached out to a mentor at Tsinghua University, where he read his PhD in computer science and technology.
A group of alumni invested 5 million yuan (US$780,000) in his start-up “without hesitation”, which allowed him to continue to pursue research and development, according to Li Zhu, head of the 3,000-member Tsinghua Alumni TMT Association. “I don’t think he need worry about a shortage of capital with the support of alumni.”