Duan and Ding's endowment to Zhejiang University

The Duan and Ding's endowment to Zhejiang University was a news-breaking endowment to Zhejiang University. It's the largest private one-off endowment to a university in Mainland China.

Introduction

On September 21, 2006, the billionaires Duan Yongping and Ding Lei co-donated once 40 million US dollars to Zhejiang University. 30 million USD was from Duan with 10 million from Ding.

The Zhejiang University General Secretary Zhang Xi and the President Yang Wei received the donation, on behalf of Zhejiang University. A ceremony was held at the newly founded .

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