Chinahg0088皇冠备用网址a’s first private research-oriented university Westlake University,
which is backed by some of the country’s biggest business tycoons, was
officially inhg0088皇冠备用网址naugurated on Saturday morning in Hangzhou, East China’s Zhejiang
Province, according to media reports.
Westlake University is the first research-oriented university funded by
private sources and supported by the Chinese government in the country, domestic
news website thepaper.cn reported on Saturday.
The non-profit institution was launched by a slew of prominent academia in
the country and funded by high-profile business executives, including Tencent
Holdings Ltd Chairman Pony Ma Huateng and Wanda Group Chairman Wang Jianlin,
according to information on the school’s website.
Headed by Shi Yigong, a biologist and former vice president of the
prestigious Tsinghua University in Beijing, Westlake will be dedicated to the
study of natural science and engineering, with world-class environment and
state-of-the-art research facility.
Construction for the university started in April and is expected to be
completed by 2021.Total investment for the project is estimated at 3.68 billion
yuan ($585 million), according to media reports.
The opening of Westlake University also comes as Chinese business leaders
are throwing their support behind the country’s education sector.
Several other Chinese business leaders, including Alibaba Group founder
Jack Ma Yun and Lenovo Group founder Liu Chuanzhi, have also jointly started a