On Monday,Philippines movie 18+ Xiaomi CEO Lei Jun returned to his alma mater, Wuhan University, for the Lei Jun Scholarship award ceremony—one of the most generous in Chinese universities—where 10 students received a total of 1 million yuan ($140,000). The recipients, selected from fields including computer science, mathematics, electronics, and medicine, were recognized for their innovation and academic excellence. Lei said he established the scholarship because he relied on similar financial aid and lab subsidies during his own university years and had vowed to give back. To date, he has donated more than RMB 15 billion ($2.07 billion) to education, including a record RMB 1.3 billion ($180 million) cash donation to Wuhan University in 2023. “Having once been sheltered by others, I now wish to pass on that support,” he said. [TechNode reporting]
