Peking University tops billionaire alumni list

Peking University has been labeled the "cradle of Chinese tycoons" after it topped the list of the richest Chinese college graduates with 35 billionaire alumni.

The China University Alumni Association (CUAA) on Thursday released the list of universities from which the richest Chinese graduated.

Zhejiang University and Tsinghua University ranked second and third, with 23 and 22 billionaire alumni respectively.