Lei Jun Unveils Jaw-Dropping 720 Million Yuan Investment: What’s Next
Lei Jun’s latest announcement.
On September 25, Lei Jun announced on Weibo that the Xiaomi Charity Foundation has planned to donate 720 million yuan and set up a series of special funds to support basic research, applied basic research and the construction of scientific research talent teams, in order to promote the development of scientific and technological innovation in a charitable way.
Lei Jun, founder, chairman and CEO of Xiaomi Group, said that supporting technological innovation can enable society to have more engineers, more scientists and more entrepreneurs, and can also make life better.
Assisting technological innovation and development
According to Lei Jun, since 2021, the Xiaomi Charity Foundation has established a series of special funds including the Xiaomi Innovation Future Special Fund of Tsinghua University, the Xiaomi Innovation Development Fund of Peking University, the Beijing Natural Science Foundation-Xiaomi Innovation Joint Fund, and the National Natural Science Foundation Young Students Basic Research Project.
The fields of scientific research and education have always been the focus of Xiaomi Group and Xiaomi Charity Foundation. In April 2021, the Xiaomi Foundation held a donation ceremony to Tsinghua University at Xiaomi Technology Park in Beijing. With this donation, Xiaomi Foundation established the “Tsinghua University Xiaomi Innovation Future Special Fund” at Tsinghua University, aiming to support the innovative development of scientific research and talent training at Tsinghua University, and support cutting-edge research in the fields of artificial intelligence industry, robotics, medical health, and student practical courses.
In April 2022, the signing ceremony for the donation of Xiaomi Innovation Charity Fund of Peking University was held at Xiaomi Technology Park in Beijing. This donation was initiated by Xiaomi Charity Foundation, aiming to promote cutting-edge research and technological innovation in the fields of integrated circuits, psychology and cognition at Peking University, cultivate a group of high-level, creative and compound talents who can lead the future in related academic research fields and industries, and support the comprehensive development of Peking University.
In July of the same year, Xiaomi Charity Foundation donated 500 million yuan to establish Beijing Natural Science Foundation – Xiaomi Innovation Joint Fund. It is reported that Xiaomi Charity Foundation donated 500 million yuan to Beijing Natural Science Foundation (50 million yuan per year for 10 years) to focus on supporting basic research in the fields of artificial intelligence, electronic information, and intelligent manufacturing in Beijing.
In addition, the Xiaomi Charity Foundation also donated 100 million yuan to the National Natural Science Foundation of China to fund basic research projects for young students and support undergraduates in conducting basic research.
Lei Jun said that supporting and cultivating young scientific and technological talents is one of the core purposes of the Xiaomi Charity Foundation. Among them, the “Xiaomi Scholarship” project is for full-time undergraduate and postgraduate students in colleges and universities, with an investment of 500 million yuan; the “Xiaomi Young Scholars” project is for young teachers and researchers in the fields of computer, electronics, communications, basic disciplines, etc., with an investment of 500 million yuan, to support young talents who have made outstanding achievements in the field of science and have obvious innovation potential.
According to a reporter from Securities Times, the “Xiaomi Scholarship” project supports students with excellent academic performance and financial difficulties by setting up scholarships and grants in various universities. The project plans to cover 100 “double first-class” universities across the country. At present, the project has covered 60 universities and has funded a total of 7,780 students.
The “Xiaomi Young Scholars” project plans to cover 100 universities, aiming to provide stable support to young talents who have made outstanding achievements in the field of science and have obvious innovation potential, and encourage them to devote themselves to scientific research and teaching. At present, the project has covered 30 universities and has funded a total of 525 young teachers.
Donated 1.3 billion yuan to his alma mater
Xiaomi Charity Foundation has made many donations to support the construction and development of Chinese universities, and Lei Jun has personally made many donations to his alma mater, Wuhan University, to support its development.
According to Wuhan University News, on the morning of November 29, 2023, Lei Jun, a 1987 Computer Science alumnus of Wuhan University and founder, chairman and CEO of Xiaomi Group, donated 1.3 billion yuan to his alma mater. Lei Jun said that this donation mainly focuses on three directions: supporting basic research in six major disciplines of mathematics, physics, chemistry, literature, history and philosophy, supporting scientific and technological innovation in the field of computer science, and supporting the training of college students.
According to Lei Jun’s recollection, more than 30 years ago, as a representative of outstanding students, he was awarded the highest scholarship at Wuhan University at that time, a full 2,000 yuan.
“For a student from an ordinary county town family, this is really a huge sum of money. To this day, I still remember clearly how excited and proud I felt at that time.” Lei Jun said that he secretly vowed in his heart at that time, “However much scholarship I receive today, I will pay it back ten times, a hundred times, or even ten thousand times in the future.”
In 1997, six years after graduation, Lei Jun began donating to his alma mater when his salary was only 4,000 yuan. According to Lei Jun, he donated money to set up the “Lei Jun Scholarship” (then called the “Tengfei Scholarship”) at the School of Computer Science, and has been donating for 26 years to date (2023).
As for why he continues to donate, Lei Jun said, “Wuhan University taught me knowledge, allowed me to learn how to study, guided me on a lifelong path of scientific and technological exploration, and gave me the most important wealth in my life. Over the years, I always think of the support given to me by my alma mater, and my heart is always full of gratitude. In my mind, Wuhan University is the best university in the world, bar none. I think all alumni think so too. In order to make Wuhan University better and better, everyone can give back to their alma mater with practical actions, whether they have money or manpower.”
In addition, Lei Jun also said that donations never advocate comparison. Many alumni donated to this event, and each donation is a reflection of the alumni’s love for their alma mater, and they are equally important.
Lei Jun expressed his hope that through this donation, he could support Wuhan University in achieving even greater success in the future and enable more outstanding scholars, engineers, scientists and technology entrepreneurs to emerge in China.
(Source: Securities Times)
Source: Securities Times
Original title: 720 million yuan! Lei Jun announced
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