Chen Yidan

Chen Yidan
陈一丹
Born 1971
Huizhou, Guangdong, China
Residence Shenzhen, Guangdong
Nationality Chinese
Alma mater Shenzhen University
Nanjing University
Occupation Co-founder and former CAO of Tencent
Founder of Wuhan College
Founder of the Chen Yidan Charity Foundation
Founder of the Yidan Prize Foundation

Chen Yidan (陈一丹, born 1971), also known as Charles Chen, is a Chinese internet entrepreneur and philanthropist.

He is a co-founder of Tencent, founder of the Chen Yidan Charity Foundation and founder of the Yidan Prize Foundation.

Education

Chen was born in Huizhou, Guangdong, and grew up in Shenzhen, Guangdong. He obtained a bachelor's degree in applied chemistry from Shenzhen University and a master's degree in economic law from Nanjing University.[1][2]

Tencent

In 1998, Chen Yidan co-founded the internet holding company Tencent alongside Ma Huateng,[3] Zhang Zhidong,[4] Xu Chenye, and Zeng Liqing.[2][5] He served as the company's chief administrative officer (CAO).[6] In 2006, Chen began leading the company's newly established Tencent Charity Foundation.[7][8][6]

In March 2013, Chen stepped down as Tencent's CAO.[9] He continued to be involved with the company as an advisor and as sponsor and honorary chairman of the Tencent Charity Foundation.[10][11][9]

Philanthropy

In March 2013, Chen Yidan founded the Chen Yidan Charity Foundation after stepping down from his role as CAO of Tencent.[12][5]

He was recognized as one of China's top philanthropists of 2015 by the China Philanthropy Institute at Beijing Normal University.[13] In 2016, he was recognized on the China Charity Ranking List after donating US $45 million to charitable causes.[14] In June 2017, he was recognized as one of China's top philanthropists by Forbes on their list of Asia's 2017 Heroes of Philanthropy.[15]

Wuhan College

In 2009 he invested in Wuhan College and became a school initiator.[16][17] Scholarships were set up in 2010 which encouraged both innovative teaching and excellence in student academics. In 2015, Chen Yidan donated RMB20 million to support the college's library construction and reading material purchases. The focus of the college is on "whole person development" as opposed to a grades driven education which is common in China.[2][18]

The Yidan Prize

In May 2016, Chen launched the Yidan Prize, funded by an independent trust of HK $2.5 billion (US $320 million). The award was established to recognize innovators and those who had made significant contributions to education.[19][20][5][21] The Prize included two annual awards, the Yidan Prize for Education Development and the Yidan Prize for Education Research.[19] Each prize included a cash award of HK $15 million as well as a project fund of HK $15 million, making it the world's largest education award in monetary terms.[19][2]

The first Yidan Prize recipients were announced in September 2017. Stanford University professor Carol Dweck received the Yidan Prize for Education Research, and Vicky Colbert, founder and director of Colombian educational organization Fundación Escuela Nueva, received the prize for Education Development.[22][23][24]

References

  1. ↑ Flannery, Russell. "How China's Social Media Giant Tencent Is Shaking Up Traditional Philanthropy". Forbes. Retrieved 2018-07-03.
  2. 1 2 3 4 "Chinese billionaire offers biggest education prize". The BBC. 2017-01-18. Retrieved 2017-09-21.
  3. ↑ "Meet the Mysterious Billionaire Whose Social Media Company Has Become More Valuable Than Facebook". Money. Retrieved 2018-07-03.
  4. ↑ Flannery, Russell. "Low-Profile China Internet Billionaire Zhang Zhidong Leaves Tencent's Board, CTO Job". Forbes. Retrieved 2018-07-03.
  5. 1 2 3 Musaddique, Shafi (2018-07-06). "How the co-founder of one of Asia's biggest tech companies became China's most charitable man". CNBC. Retrieved 2018-08-13.
  6. 1 2 "Jack Ma, Chen Yidan & 4 Other Chinese Business Leaders Went To This Top B-School". BusinessBecause. Retrieved 2018-08-02.
  7. ↑ "Tencent 腾讯 - Home". www.tencent.com. Retrieved 2017-03-23.
  8. ↑ "Tencent 腾讯 - About Press Release". www.tencent.com. Retrieved 2017-03-23.
  9. 1 2 Flannery, Russell. "Core Founder Chen Yidan Leaves Top Post At Chinese Internet Giant Tencent". Forbes. Retrieved 2018-08-02.
  10. ↑ "Tencent Management Team 腾讯 - About". www.tencent.com. Retrieved 2017-09-16.
  11. ↑ "Tencent 腾讯 - About". www.tencent.com. Retrieved 2017-03-22.
  12. ↑ Tencent-CP. "Introduction of the Foundation - Chen Yidan foundation's official website". www.cydfoundation.org. Retrieved 18 September 2018.
  13. ↑ "Chinese woman tycoon tops list of country's most generous givers with 2.92billion yuan donation". South China Morning Post. Retrieved 2017-03-23.
  14. ↑ "Women's Foundation Ranks 2nd on National Public Donation List - All China Women's Federation". www.womenofchina.cn. Retrieved 2017-03-22.
  15. ↑ Koppisch, John. "Asia's 2017 Heroes Of Philanthropy". Forbes. Retrieved 2018-08-13.
  16. ↑ hermes (2016-06-06). "Education 'can solve society's woes'". The Straits Times. Retrieved 2017-03-23.
  17. ↑ "Introduction | wuhancollege Website". www.whxy.edu.cn. Retrieved 2017-03-23.
  18. ↑ "Education is top of the giving class". The Financial Times. 2017-03-08. Retrieved 2017-09-21.
  19. 1 2 3 "Chen Yidan gives HK$2.5 bln to fund education prize". EJ Insight. 2016-05-22. Retrieved 2018-08-13.
  20. ↑ CNBC (2018-07-06). "CNBC Transcript: Charles Chen Yidan, Co-Founder, Tencent". CNBC. Retrieved 2018-08-02.
  21. ↑ Feng, Rebecca. "Tencent Co-founder Kicks Off World's Largest Education Prizes". Forbes. Retrieved 2018-08-13.
  22. ↑ "Stanford professor wins inaugural $4 million Yidan Prize". Times Higher Education. 2017-09-19. Retrieved 2017-09-21.
  23. ↑ University, Stanford (2017-09-19). "Stanford psychologist recognized with $4 million prize | Stanford News". Stanford News. Retrieved 2018-08-13.
  24. ↑ "Analysis | Major education award in China goes to an American professor (who wins nearly $4 million)". Washington Post. Retrieved 2018-08-13.
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