Philanthropists cast wide net to attract funds from donors

As China pushes ahead with its "Internet Plus" initiative of integrating Internet technologies with modern manufacturing, its philanthropists are promoting their own "philanthropy plus" initiative that hopes to use new investment models and technological innovations to maximize social giving.

At a recent forum organized by Ai You Foundation, a Beijing-based national nonprofit organization that focuses on providing medical aid to children, and Forbes China, the chairman of Ai You Foundation Wang Bin said that as the world has entered the mobile Internet age, the Chinese philanthropic community must keep up and embrace innovations in the field.

One innovation that was up for discussion was the rise of venture philanthropy.